Over £3.3bn has been paid out to over 5,300 claims since the current creative industry tax relief was introduced in 2007. £1.1bn of the relief has been paid out by the HMRC within the past year.
One of the largest members receiving the relief were companies within the film industry, representing over 705 films and claiming over £597mil.
Video games accounted for £103mil of claims and amounted to over 535 games.
Jesse Norman, financial secretary to the Treasury, said: “The arts and creative industries make a vital contribution to the UK economy. These tax reliefs have helped support some astonishing and exciting work again this year, celebrating the very best of British culture.”
Amanda Nevill, CEO at the BFI, also commented: “The BFI’s Screen Business report ‘How screen tax reliefs power economic growth across the UK’ demonstrated how they are helping to drive one of our fastest-growing sectors, creating jobs across the UK, investment in innovation and delivering a strong return on investment to the UK economy with close to £8 billion spent annually on production.