U.K. Production Incentive Increased to 25% for All Movies

Variety: Enhancements to the U.K.’s Film Tax Relief, which were announced earlier this year, have been approved by the European Union, which allows them to pass into law. The changes mean that all British movies can receive a rebate of 25%.

Following the changes, British films of all budget levels can apply for the 25% tax break. Previously, only the first £20 million ($31.4 million) on big-budget films would qualify for the higher rate, with the remaining expenditure earning 20%. The new rate will apply to all features in production on or after April 1, 2015.