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The Inland Revenue on Thursday accused the British film industry of abusing government aid, with every production of recent years deliberately over-claiming tax relief.
Revenue officials called in about 20 members of the film industry and warned them of severe consequences if the "exploitation" of tax-relief schemes did not immediately stop.
The move, which affects the including low- to high-budget film-makers and financiers, is i the latest in a series of attempts by the Revenue to clamp down on tax loopholes in an attempt
to raise more money for the Exchequer.
But the film industry responded on Thursday night, saying the Revenue could drive productions overseas and would confuse investors.
A series of tax relief schemes, introduced in 1997, enables those involved in the financing of qualifying British-made films to claim the costs of production against future income. The schemes have become popular with inv
A. removing tax relief
B. protesting more loudly
C. warning last time
D. making new laws
Terms and Conditions of Employment
These terms and conditions should be read before you sign you sign your contract.
Salary: Your starting salary is: $15,000. This is reviewed annually.
Hours: The normal hours of work are eight hours a day, Monday through Friday. You will start work on Feb. 21,2008. On the first morning, report to your line manager John knight.
Health and safety: Please read the safety regulations attached. If you have any questions, contact the health and safety officer, whose name is at the top of the regulation sheet. If you have health problems, please inform the Senior Nurse, Chris Thomas. If you cannot work because of illness, please telephone the factory.
Annual leave: During your first year of employment you are allowed twenty days’ leave. This should be arranged with your line manager.
Overtime: If you work more than forty hours a week, you will be paid at the current overtime rate. Y
A. is paid weekly
B. is adjusted every quarter
C. is re-examined from year to year
D. is fixed for the whole contract period
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