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Aims of film and television tax reliefs

05 November 2019 / Andrew Parkes
Issue: 4719 / Categories: Comment & Analysis
The black mirror

Key points

  • Media reports that Netflix obtained a tax repayment from HMRC.
  • Tax reliefs for television programmes and films support technical innovation generate taxable revenues and employment.
  • Will there be a larger repayment for Netflix next year?
  • Having a computer server in the UK does not mean a business has a permanent establishment here.
  • Does the diverted profits tax seek to raise revenue from profits that would otherwise have been exempt under a double tax treaty?

Like Pavlov’s dogs the mainstream media has once again seen that a large US company in this case Netflix is not paying huge amounts of corporation tax in the UK; indeed the company has had the temerity to obtain a refund leading to the inference that it is avoiding tax.

That the company is in fact taking advantage of not one but two...

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