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Reliefs and Exemptions

Film Studio Relief

At the Spring Budget on 6 March 2024, the Chancellor announced that eligible film studios in England will receive a 40% reduction on gross business rates bills until 2034, backdated to 1 April 2024.

The 40% reduction is inclusive of transitional relief. The value of any transitional relief a studio receives will be deducted from the value of the film studio relief. This means that eligible film studios' final bills will be no more than 60% of their gross bill

The relief will be available on properties valued by the Valuation Office Agency (VOA) as film studios and the VOA will notify authorities of which studios are eligible for support. If the VOA have notified you that your property qualifies, please contact the business rates team in order to have the relief awarded.

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