Gannons' opinion and analysis

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EIS and film investment

Feature films qualify for tax benefits under EIS. If you invest money in a film production company you can claim 30% of your investment back as income tax relief under EIS. Plus you will be named in the credits and…

Film tax relief

Very approximately, if a qualifying film costs £Y million, then with Film Tax Relief, the production company can claim up to £2Y million against corporation tax, if all expenses qualify. Qualifying expenses for film tax relief The new film tax relief…

TV show rights licence fails

Here, a licence for a TV show’s rights failed to protect the creator. The licensee licenced the production process to another entity, who could then create a spin-off. Television production documents should cater for all scenarios. This may sound obvious,…

Duty of confidentiality after employment

Does a departing employee have a duty of confidentiality? You can deter the employee and new employer. Unfortunately, you can’t prevent an ex-employee divulging some “confidential” information. In this insight, we look at The implied duty of confidentiality. How to…

Late payment of suppliers

Late payment of suppliers can be crippling especially for SMEs. Large corporates are some of the worst offenders. The strong purchasing power of large businesses enables them to force suppliers to await payment.  But, there is an additional solution for SMEs to consider as…