Investigators have searched the offices of Netflix in France and the Netherlands as part of a preliminary investigation into tax fraud, a French judicial source had told Reuters. The French investigation is beingn carried out by the PNF (National Financial Prosecutor’s Office). Dutch authorities were simultaneously searching the company’s European headquarters in Amsterdam, the French […]
Research by leading audit, tax and consulting firm, RSM UK, has highlighted the hurdles media businesses face when claiming research and development (R&D) tax reliefs. In a recent survey of media firms, 40 per cent had made at least one claim for R&D tax relief. Of these businesses, less than a quarter (24 per cent) […]
The French Senate is discussing a streaming music tax. The proposal, if adopted, will be made through amendments to the Finance Bill (PLF) 2024, the principle of taxing music streaming platforms. The tax contribution will fund the National Music Centre (NJC). Currently, the organisation receives government support and a ticket tax for live performances. The […]
Statistics show that HMRC paid out £1.66 billion (€1.94bn) in creative industries tax reliefs for the year to March 31st 2022 – a 36 per cent increase from the previous year. This was largely due to an impressive rise in high-end TV reliefs which have increased by 131 per cent to £829 million and now […]
The Tax Rebate for International Productions (TRIP) has become an attractive factor for French territory and productions facilities, according to an impact study from 2017 to 2021 carried out by public funding body CNC. Before it was set up, foreign production expenditure in France represented around €50 million each year. In 2021, this level was […]
Tax credit specialist, Adsum, has announced their sponsor partnership with screen agency, Film London, to help provide the industry tax credit funding in support of production projects. The fintech company that offers tax as a service has joined the screen industry agency’s Premiere Service, which connects producers and production crew within the film industry with […]
The Nigerian government has been pursuing South Africa’s MultiChoice for alleged multi-billion Rand unpaid tax duties on its pay-TV subscriptions in the county. MultiChoice has always denied the full implications of the tax demand and now says it has reached an “amicable resolution” of the taxation matters. “In broad of agreement,” says a statement, “MultiChoice […]
Denmark is to levy a tax on streaming services in order to help fund home-grown TV and film output. The tax will be “up to 5 per cent” according to local reports. However, the OTT players – including Netflix, Disney+ and HBO Max – will be required to reveal their company algorithms which determine which […]
MultiChoice, the South Africa based pay-TV operator, insists that it doesn’t have to pay the 50 per cent of the overall $4.34 billion back tax claimed by Nigeria’s Federal Inland Revenue Service (FIRS) for its pay-TV activities in Nigeria. MultiChoice, in a statement, said it believes the actual amount due is “substantially” less than the […]
A Nigerian Tax Appeal Tribunal (TAT) has ruled that MultiChoice Nigeria, a subsidiary of the South African pay-TV broadcaster, must pay an immediate 50 per cent of the 1.8 trillion Naira (€3.7bn) claimed tax backlog. 1,822,923,909,313 Naira is the specific amount claimed, which is greater than MultiChoice’s overall Group market capitalisation. The news hurt MultiChoice’s […]