Digital tech giants such as Google, Facebook and Amazon face a new levy from the British government after Chancellor Philip Hammond revealed that he was introducing a UK Digital Services tax.
Hammond, who unveiled the news during his Budget address in the Houses of Parliament, said that he expects to raise around £400M ($511M) per year by taxing companies that operate search engines, social media and online marketplaces.
“There is one stand out example of where the rules of the game must evolve now if they are to keep up with the emerging digital economy. Digital platforms delivering search engines, social media and online marketplaces have changed our lives, our society and our economy, mostly for the better. But they also pose a real challenge for the sustainability and fairness of our tax system; the rules have simply not kept pace with changing business models. It is clearly not sustainable...
Hammond, who unveiled the news during his Budget address in the Houses of Parliament, said that he expects to raise around £400M ($511M) per year by taxing companies that operate search engines, social media and online marketplaces.
“There is one stand out example of where the rules of the game must evolve now if they are to keep up with the emerging digital economy. Digital platforms delivering search engines, social media and online marketplaces have changed our lives, our society and our economy, mostly for the better. But they also pose a real challenge for the sustainability and fairness of our tax system; the rules have simply not kept pace with changing business models. It is clearly not sustainable...
- 10/29/2018
- by Peter White
- Deadline Film + TV
Philip Hammond, Britain’s chancellor of the exchequer, has hailed “Peppa Pig,” “The Crown,” and “Darkest Hour” and said authorities remain committed to tax relief for U.K.-produced film and high-end TV. The chancellor was speaking after new research showed that £632 million ($825 million) of relief seeded £3.2 billion of production spend in 2016, the latest year for which there is data. The overall economic contribution from the screen sector was £7.9 billion.
Hammond said the U.K.’s creative industries are “a key component of our great, global trading nation.” He added that he was “confident that the creative industries will continue to grow, provide strong employment and be the face of British culture to the world in future years.”
Brexit is looming, but ahead of the U.K. leaving the European Union the country’s film and TV sectors are booming, according to the figures in the BFI-commissioned study. It...
Hammond said the U.K.’s creative industries are “a key component of our great, global trading nation.” He added that he was “confident that the creative industries will continue to grow, provide strong employment and be the face of British culture to the world in future years.”
Brexit is looming, but ahead of the U.K. leaving the European Union the country’s film and TV sectors are booming, according to the figures in the BFI-commissioned study. It...
- 10/9/2018
- by Stewart Clarke
- Variety Film + TV
A new UK report highlighting the seismic impact of tax reliefs on the creative industries has been welcomed by the UK Government, which has said it will remain “committed to supporting the creative industries through tax reliefs.”
The film and high-end TV tax credits are among the UK’s biggest calling cards when it comes to attracting mega inward investment from Hollywood studios, which generate the lion’s share of production spend in the territory.
According to the report by consultancy and research firms Olsberg Spi and Nordicity, titled ‘Screen Business: How tax incentives help power economic growth across the UK’, an estimated £632M in tax relief seeded £3.16B in direct production spend in 2016, a 17% increase on 2015.
In 2016, UK-made productions generated £7.9B as the screen sector’s overall economic contribution (Gva), including £2B in tax revenues. Production spend which would not have taken place without the tax reliefs was worth...
The film and high-end TV tax credits are among the UK’s biggest calling cards when it comes to attracting mega inward investment from Hollywood studios, which generate the lion’s share of production spend in the territory.
According to the report by consultancy and research firms Olsberg Spi and Nordicity, titled ‘Screen Business: How tax incentives help power economic growth across the UK’, an estimated £632M in tax relief seeded £3.16B in direct production spend in 2016, a 17% increase on 2015.
In 2016, UK-made productions generated £7.9B as the screen sector’s overall economic contribution (Gva), including £2B in tax revenues. Production spend which would not have taken place without the tax reliefs was worth...
- 10/9/2018
- by Andreas Wiseman
- Deadline Film + TV
Film, TV and games industries generated an estimated £7.9 billion for UK econoomy in 2016.
Production spend across the UK’s film, high-end TV, video games, animation and children’s TV sector generated an economic contribution to the UK economy of £7.9 billion ($10.3bn) in 2016, the most recent year for which full figures are available, according to a new report commissioned by the BFI.
‘Screen Business: how tax incentives help power economic growth across the UK’ attributed the UK tax reliefs with powering the extraordinary level of growth across the screen sectors.
In his foreword to the report, UK chancellor Philip Hammond noted...
Production spend across the UK’s film, high-end TV, video games, animation and children’s TV sector generated an economic contribution to the UK economy of £7.9 billion ($10.3bn) in 2016, the most recent year for which full figures are available, according to a new report commissioned by the BFI.
‘Screen Business: how tax incentives help power economic growth across the UK’ attributed the UK tax reliefs with powering the extraordinary level of growth across the screen sectors.
In his foreword to the report, UK chancellor Philip Hammond noted...
- 10/9/2018
- by Geoffrey Macnab
- ScreenDaily
BFI-commissioned report analysed the impact of tax relief across the UK screen sectors.
Production spend across the UK’s film, high-end TV, video games, animation and children’s TV sector generated an economic contribution to the UK economy of £7.9 billion ($10.3bn) in 2016, the most recent year for which full figures are available, according to a new report commissioned by the BFI.
‘Screen Business: how tax incentives help power economic growth across the UK’ attributed the UK tax reliefs with powering the extraordinary level of growth across the screen sectors.
In his foreword to the report, UK chancellor Philip Hammond...
Production spend across the UK’s film, high-end TV, video games, animation and children’s TV sector generated an economic contribution to the UK economy of £7.9 billion ($10.3bn) in 2016, the most recent year for which full figures are available, according to a new report commissioned by the BFI.
‘Screen Business: how tax incentives help power economic growth across the UK’ attributed the UK tax reliefs with powering the extraordinary level of growth across the screen sectors.
In his foreword to the report, UK chancellor Philip Hammond...
- 10/9/2018
- by Geoffrey Macnab
- ScreenDaily
December 10th 2017, 1:40 pm– On Thursday (December 7th), Rupert Grint attended the annual Starlight Children’s Foundation Christmas Party at 11 Downing Street in London. The party was hosted by the Chancellor of the Exchequer Rt Hon Philip Hammond MP and 45 children had a lovely afternoon full of Christmas activities: There were lots of activities for the children to take part in including making a jumping sprout, building a reindeer and decorating a Christmas tree. Capital FM DJ Roman Kemp made sure that the best songs were playing all afternoon and the children had fun showing off their moves on the dance floor. Check out pictures of Rupert at the party in our gallery here. Rupert has been an ambassador for the Starlight Children’s Foundation since 2014 and has attended their Christmas party twice before (in 2013 and 2015). The charity is dedicated to brightening the lives of children and teenagers suffering from a serious or terminal illness.
- 12/10/2017
- by Malene
- Rupert-Grint.us/
The dedication service of the Iraq and Afghanistan memorial at London's Horse Guards Parade drew quite a crowd on Thursday. Kate Middleton, Prince William, and Prince Harry (are we the only ones who hear the "three best friends that anybody could have" song whenever they are together?) arrived at the event, and they were followed by Prince Charles, Prince Philip, and Queen Elizabeth II. After sitting in the stands for the service, the royal family made their way inside, where Harry (who was sadly wearing a shirt this time around) shared a laugh with members of the military, and William and Kate mingled with veterans and other guests. The queen, who was recently the topic of a very surprising study, also chatted with a few people and later shared an especially sweet moment with one of her youngest royal subjects. Kate also had a special "mummy chat" at the event,...
- 3/9/2017
- by Quinn Keaney
- Popsugar.com
Freelancers will be hit by tax rise for the self-employed but qualifications announcement praised.
UK chancellor of the exchequer Philip Hammond’s Spring Budget is “a slap in the face” for freelancers working in the creative industries, according to one media trade union.
The most controversial aspect of the budget has been the rise in National Insurance Contributions (Nic) for self-employed workers, from the current level of 9% to 10% in 2018 and 11% in 2019 for those making a profit of more than £8,060.
The hike will apply to freelancers earning less than £43,000. The government claims that this will raise £145m a year by 2021-22.
According to Creative Skillset’s 2015 employment survey of the UK’s creative industry workforce, 43% of all workers are freelance. In the film production sector, that number rose to 89%.
Bectu estimates that 15,000 of its 40,000 members are freelance.
Gerry Morrissey, head of Bectu, the media sector of trade union Prospect, described the move as “unfair and unjustified” in a media...
UK chancellor of the exchequer Philip Hammond’s Spring Budget is “a slap in the face” for freelancers working in the creative industries, according to one media trade union.
The most controversial aspect of the budget has been the rise in National Insurance Contributions (Nic) for self-employed workers, from the current level of 9% to 10% in 2018 and 11% in 2019 for those making a profit of more than £8,060.
The hike will apply to freelancers earning less than £43,000. The government claims that this will raise £145m a year by 2021-22.
According to Creative Skillset’s 2015 employment survey of the UK’s creative industry workforce, 43% of all workers are freelance. In the film production sector, that number rose to 89%.
Bectu estimates that 15,000 of its 40,000 members are freelance.
Gerry Morrissey, head of Bectu, the media sector of trade union Prospect, described the move as “unfair and unjustified” in a media...
- 3/9/2017
- by tom.grater@screendaily.com (Tom Grater)
- ScreenDaily
Freelancers will be hit by tax rise for the self-employed but qualifications announcement praised.
UK chancellor of the exchequer Philip Hammond’s Spring Budget is “a slap in the face” for freelancers working in the creative industries, according to one media trade union.
The most controversial aspect of the budget has been the rise in National Insurance Contributions (Nic) for self-employed workers, from the current level of 9% to 10% in 2018 and 11% in 2019 for those making a profit of more than £8,060.
The hike will apply to freelancers earning less than £43,000. The government claims that this will raise £145m a year by 2021-22.
According to Creative Skillset’s 2015 employment survey of the UK’s creative industry workforce, 43% of all workers are freelance. In the film production sector, that number rose to 89%.
Bectu estimates that 15,000 of its 40,000 members are freelance.
Gerry Morrissey, head of Bectu, the media sector of trade union Prospect, described the move as “unfair and unjustified” in a media...
UK chancellor of the exchequer Philip Hammond’s Spring Budget is “a slap in the face” for freelancers working in the creative industries, according to one media trade union.
The most controversial aspect of the budget has been the rise in National Insurance Contributions (Nic) for self-employed workers, from the current level of 9% to 10% in 2018 and 11% in 2019 for those making a profit of more than £8,060.
The hike will apply to freelancers earning less than £43,000. The government claims that this will raise £145m a year by 2021-22.
According to Creative Skillset’s 2015 employment survey of the UK’s creative industry workforce, 43% of all workers are freelance. In the film production sector, that number rose to 89%.
Bectu estimates that 15,000 of its 40,000 members are freelance.
Gerry Morrissey, head of Bectu, the media sector of trade union Prospect, described the move as “unfair and unjustified” in a media...
- 3/9/2017
- by tom.grater@screendaily.com (Tom Grater)
- ScreenDaily
Freelancers will be hit by tax rise for the self-employed but qualifications announcement praised.
UK chancellor of the exchequer Philip Hammond’s Spring Budget is “a slap in the face” for freelancers working in the creative industries, according to one media trade union.
The most controversial aspect of the budget has been the rise in National Insurance Contributions (Nic) for self-employed workers, from the current level of 9% to 10% in 2018 and 11% in 2019 for those making a profit of more than £8,060.
The hike will apply to freelancers earning less than £43,000. The government claims that this will raise £145m a year by 2021-22.
According to Creative Skillset’s 2015 employment survey of the UK’s creative industry workforce, 43% of all workers are freelance. In the film production sector, that number rose to 89%.
Bectu estimates that 15,000 of its 40,000 members are freelance.
Gerry Morrissey, head of Bectu, the media sector of trade union Prospect, described the move as “unfair and unjustified” in a media...
UK chancellor of the exchequer Philip Hammond’s Spring Budget is “a slap in the face” for freelancers working in the creative industries, according to one media trade union.
The most controversial aspect of the budget has been the rise in National Insurance Contributions (Nic) for self-employed workers, from the current level of 9% to 10% in 2018 and 11% in 2019 for those making a profit of more than £8,060.
The hike will apply to freelancers earning less than £43,000. The government claims that this will raise £145m a year by 2021-22.
According to Creative Skillset’s 2015 employment survey of the UK’s creative industry workforce, 43% of all workers are freelance. In the film production sector, that number rose to 89%.
Bectu estimates that 15,000 of its 40,000 members are freelance.
Gerry Morrissey, head of Bectu, the media sector of trade union Prospect, described the move as “unfair and unjustified” in a media...
- 3/9/2017
- by tom.grater@screendaily.com (Tom Grater)
- ScreenDaily
Steve Coogan will be a guest on this Thursday's Question Time, it has been confirmed. The actor and comedian, a vocal campaigner against the ethical practices of tabloid newspapers, had his high-profile case against News International settled today. The 46-year-old will appear alongside Defence Secretary Philip Hammond, Baroness Shirley Williams, former Labour spin doctor Alistair Campbell and Daily Mail writer Dame Ann Leslie. Hollywood star Hugh Grant, who has also (more)...
- 2/8/2012
- by By Paul Millar
- Digital Spy
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