• April 2020

    MonTueWedThuFriSatSunTax week
    --1   2   3   4   5   52
    6   7   8   9   1011121
    131415161718192
    202122232425263
    27282930---4
    • 6th - Start of 2020-2021 tax year
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 13th - Easter Monday (E,W,NI)
    • 10th - Good Friday (E, W, NI, S)
  • May 2020

    MonTueWedThuFriSatSunTax week
    ----1   2   3   4
    4   5   6   7   8   9   105
    111213141516176
    181920212223247
    252627282930318
    • 8th - May Bank Holiday (E,W,NI,S)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 25th - Spring Bank Holiday (E,W,NI,S)
    • 31st - Employee P60s due
  • June 2020

    MonTueWedThuFriSatSunTax week
    1   2   3   4   5   6   7   9
    8   9   101112131410
    1516171819202111
    2223242526272812
    2930-----13
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • July 2020

    MonTueWedThuFriSatSunTax week
    --1   2   3   4   5   13
    6   7   8   9   10111214
    1314151617181915
    2021222324252616
    2728293031--17
    • 6th - Forms P11D, P11D(b) and P9D due
    • 6th - Form 42 Due
    • 12th - Battle of the Boyne - Bank Holiday (NI)
    • 19th - HMRC cheque payments due
    • 19th - Payment of 2019/20 Class 1A NIC due
    • 22nd - HMRC BACS payments due
    • 31st - Payment of 2019/20 Class 2 NIC due
  • August 2020

    MonTueWedThuFriSatSunTax week
    -----1   2   17
    3   4   5   6   7   8   9   18
    1011121314151619
    1718192021222320
    2425262728293021
    31------22
    • 3rd - Summer Bank Holiday (S)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Summer Bank Holiday (E,W,NI)
  • September 2020

    MonTueWedThuFriSatSunTax week
    -1   2   3   4   5   6   22
    7   8   9   1011121323
    1415161718192024
    2122232425262725
    282930----26
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • October 2020

    MonTueWedThuFriSatSunTax week
    ---1   2   3   4   26
    5   6   7   8   9   101127
    1213141516171828
    1920212223242529
    262728293031-30
    • 5th - Personal Income Tax Statement
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Paper Self Assessment Tax Return Deadline
  • November 2020

    MonTueWedThuFriSatSunTax week
    ------1   30
    2   3   4   5   6   7   8   31
    9   10111213141532
    1617181920212233
    2324252627282934
    30------35
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 30th - St. Andrew's Day (S)
  • December 2020

    MonTueWedThuFriSatSunTax week
    -1   2   3   4   5   6   35
    7   8   9   1011121336
    1415161718192037
    2122232425262738
    28293031---39
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 25th - Christmas Day
    • 26th - Boxing Day
  • January 2021

    MonTueWedThuFriSatSunTax week
    ----1   2   3   39
    4   5   6   7   8   9   1040
    1112131415161741
    1819202122232442
    2526272829303143
    • 1st - New Year's Day
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Online Self Assessment Tax Return Due
  • February 2021

    MonTueWedThuFriSatSunTax week
    1   2   3   4   5   6   7   44
    8   9   101112131445
    1516171819202146
    2223242526272847
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • March 2021

    MonTueWedThuFriSatSunTax week
    1   2   3   4   5   6   7   48
    8   9   101112131449
    1516171819202150
    2223242526272851
    293031----52
    • 17th - St. Patrick's Day (NI)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
UK Tax Week

   26 Oct - 01 Nov

03

 

Sargent-Disc BAFTA TV Panel Event Summary

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Summary

A summary of the highlights from our TV Panel event held at BAFTA on 29th Jan, where we discussed the impact of the UK TV Tax Credit on financing and creating High-End TV Drama.

BAFTA TV Panel event update

Sargent-Disc and BAFTA jointly presented a panel discussion and networking event to discuss the current TV drama landscape in light of the recent introduction of UK Tax Credit for TV.

 

The experienced panel included Gareth Neame, Managing Director of Carnival Films, Christine Corner, Head of Film & TV at Grant Thornton UK LLP, Justin Thompson-Glover, Executive Producer and CEO of Far Moor Media and was chaired by Stephen Garrett, Executive Chairman of Shine Pictures. 

 

In a dynamic and engaging discussion, the panel looked at the positives already seen since the TV Tax Credits came into operation in April 2013. Christine Corner explained how the Tax Credit attracted US TV production back to the UK, with the budget for TV dramas now standing higher than many British films.  The panel also reflected on the current high standard of British TV drama and how US investment has enabled, in some cases, UK producers to raise the bar further through an increase in budget per hour, number of episodes per series and prime-time distribution. There was a general consensus that TV Drama has been underfunded in the past and that budget increases are needed.  Furthermore, Gareth Neame pointed out that Producers' starting point is now what the creative vision will cost, instead of what the current budget will allow them to make.

 

"We are in another Golden Age of Television" - Stephen Garrett, Executive Chairman of Shine Pictures.

 

Other positive opportunities discussed included the changes to home entertainment revenues and the rise of platforms such as Netflix and Amazon. Already happening in the US, and emerging in the UK, is the opportunity for viewers to watch the next episode immediately online for a premium. The changes in viewing habits sparked a creative discussion about future revenue streams, such as the possibility of a commercially viable business model for producing short TV drama for YouTube. The panel questioned whether the UK is likely to revisit product placement as a means to generate production revenues, and discussed the impact new viewing platforms which enable audiences to avoid watching adverts will have on advertising revenue.

 

The panel event was also an opportunity to discuss the challenges the industry may face as a result of UK TV Tax Credit, specifically the increase in production creating shortages in studio space and crew availability. This is likely to impact the lower budget independent productions.  The live debate on whether a traditional production fee will be accepted by HMRC as eligible UK Tax Credit spend  was also raised, and will remain a hot topic until HMRC publish their guidelines on this.

 

Overall, the event was an engaging opportunity to gain insight into the financial and creative forces currently at play within the TV Drama sector while addressing potential challenges and debating future opportunities. The event was attended by over 200 industry professionals who participated in a Q&A session and a networking drinks reception.

 

Bafta tv panel Jan

 Figure 1: The Panel (from left to right) : Stephen Garrett, Justin Thompson-Glover, Christine Corner, Gareth Neame.

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