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UK Chancellor Jeremy Hunt announces improvements to film and high-end TV incentives for visual effects in the 2024 Budget, stimulating an estimated £175 million additional VFX work in the UK. The changes include lifting the 80% cap on eligible expenditure for VFX spend and increasing the Audio Visual Expenditure Credit (AVEC) rate to 39%, leading to potential job growth.
UK Chancellor Jeremy Hunt announces improvements to film and high-end TV incentives for visual effects in the 2024 Budget, stimulating an estimated £175 million additional VFX work in the UK. The changes include lifting the 80% cap on eligible expenditure for VFX spend and increasing the Audio Visual Expenditure Credit (AVEC) rate to 39%, leading to potential job growth.
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