The Crown series creators among long list to reel in £700m in creative sector tax relief

 
Oliver Gill
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The Crown was a popular 10-part TV series by Netflix about the British royal family (Source: Getty)

Britain’s film and creative sector reeled in a record £700m of handouts from the taxman over the last year, the government revealed today.

Creative sector tax relief is applied across the UK’s creative sector industry which also includes video games animation and high-end television.

Award-winning TV series The Crown and film Lady Macbeth were two productions that benefitted from film tax relief. Film companies made 630 claims in 2016/17, up from 535 in the previous year.

Read more: Footballers and TV stars lose £700m tax avoidance case

HM Revenue and Customs (HMRC) paid 23 per cent more to Britain’s film industry compared with the previous year.

Creative industries minister Matt Hancock said the relief “plays a vital role” in promoting the UK’s creative sector.

He added: “Britain’s creative industries are growing faster than the rest of the economy and we want to keep it that way.”

The tax relief is the latest derivation of film credits that have sparked controversy.

In June, HMRC won a court battle against a raft of celebrities who used film investment schemes to benefit from lucrative tax breaks.

Such tax credits applied to partnerships, where individuals could claim relief. The current creative sector tax relief differs as it can only be applied to companies, meaning individuals cannot benefit in the same way.

Read more: How the UK's film industry fuels London's prime lettings market

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