Pact would like to make all members aware that as of Friday 1st April 2022 the Pact TV Levy and the Pact Cinema Levy will be replaced with the Pact Production Levy and there will be a change to the Levy rates.
Given the evolution of the audio-visual market in the UK over the last few years, our Levy fees will be platform agnostic from Friday 1st April. The Pact Production Levy will therefore be payable on TV and SVOD commissions as well as films intended for theatrical release, in circumstances where they do not fall under our membership fee structure, which is usually where they are set up through a special purpose vehicle (SPV). Payment of the Levy provides access to all of Pact’s services for the life of the production.
The decision to amend the Levy rates was taken by Pact Council in response to the increased production and budget levels seen by the industry in recent years.
Please note: This is a change to the TV Levy and Cinema Levy only and does not affect membership rates which currently remain unchanged.
What does this mean for producers?
The Production Levy will be charged on the production budget at the rates outlined in the table at the bottom of this page, and is payable before services are provided.
Where the Pact Production Levy is paid by our TV member companies, the Levy paid will be deducted from any future membership fee calculation at the point that the income from the production is included in the company accounts, to ensure there is no double counting. Where the production budget is over £50m, a membership top-up fee may be applicable.
More information on the qualification criteria for the Pact Production Levy, and details of services provided, can be found here.
Your questions answered
If you have any queries regarding the Pact Production Levy and the new rates, you may find our Levy FAQ’s page helpful in the first instance, or you are welcome to contact our Financial Director Rebecca Carey: rebecca@pact.co.uk
Pact Production Levy Rates
Applicable from Friday 1st April 2022
Production budget greater than |
Production budget less than |
|
Levy payable (net) |
Gross Levy payable (incl. Vat)) |
|
500,000 |
|
525 |
630 |
500,000 |
1,000,000 |
|
1,000 |
1,200 |
1,000,000 |
2,000,000 |
|
1,600 |
1,920 |
2,000,000 |
3,000,000 |
|
2,200 |
2,640 |
3,000,000 |
4,000,000 |
|
2,800 |
3,360 |
4,000,000 |
5,000,000 |
|
3,400 |
4,080 |
5,000,000 |
6,000,000 |
|
4,000 |
4,800 |
6,000,000 |
7,000,000 |
|
4,600 |
5,520 |
7,000,000 |
8,000,000 |
|
5,200 |
6,240 |
8,000,000 |
9,000,000 |
|
5,800 |
6,960 |
9,000,000 |
10,000,000 |
|
6,400 |
7,680 |
10,000,000 |
11,000,000 |
|
7,000 |
8,400 |
11,000,000 |
12,000,000 |
|
7,600 |
9,120 |
12,000,000 |
13,000,000 |
|
8,200 |
9,840 |
13,000,000 |
14,000,000 |
|
8,800 |
10,560 |
14,000,000 |
15,000,000 |
|
9,400 |
11,280 |
15,000,000 |
16,000,000 |
|
10,000 |
12,000 |
16,000,000 |
17,000,000 |
|
10,600 |
12,720 |
17,000,000 |
18,000,000 |
|
11,200 |
13,440 |
18,000,000 |
19,000,000 |
|
11,800 |
14,160 |
19,000,000 |
20,000,000 |
|
12,400 |
14,880 |
20,000,000 |
21,000,000 |
|
13,000 |
15,600 |
21,000,000 |
22,000,000 |
|
13,600 |
16,320 |
22,000,000 |
23,000,000 |
|
14,200 |
17,040 |
23,000,000 |
24,000,000 |
|
14,800 |
17,760 |
24,000,000 |
25,000,000 |
|
15,400 |
18,480 |
25,000,000 |
26,000,000 |
|
16,000 |
19,200 |
26,000,000 |
27,000,000 |
|
16,600 |
19,920 |
27,000,000 |
28,000,000 |
|
17,200 |
20,640 |
28,000,000 |
29,000,000 |
|
17,800 |
21,360 |
29,000,000 |
30,000,000 |
|
18,400 |
22,080 |
30,000,000 |
31,000,000 |
|
19,000 |
22,800 |
31,000,000 |
32,000,000 |
|
19,600 |
23,520 |
32,000,000 |
33,000,000 |
|
20,200 |
24,240 |
33,000,000 |
34,000,000 |
|
20,800 |
24,960 |
34,000,000 |
35,000,000 |
|
21,400 |
25,680 |
35,000,000 |
36,000,000 |
|
22,000 |
26,400 |
36,000,000 |
37,000,000 |
|
22,600 |
27,120 |
37,000,000 |
38,000,000 |
|
23,200 |
27,840 |
38,000,000 |
39,000,000 |
|
23,800 |
28,560 |
39,000,000 |
40,000,000 |
|
24,400 |
29,280 |
40,000,000 |
41,000,000 |
|
25,000 |
30,000 |
41,000,000 |
42,000,000 |
|
25,600 |
30,720 |
42,000,000 |
43,000,000 |
|
26,200 |
31,440 |
43,000,000 |
44,000,000 |
|
26,800 |
32,160 |
44,000,000 |
45,000,000 |
|
27,400 |
32,880 |
45,000,000 |
46,000,000 |
|
28,000 |
33,600 |
46,000,000 |
47,000,000 |
|
28,600 |
34,320 |
47,000,000 |
48,000,000 |
|
29,200 |
35,040 |
48,000,000 |
49,000,000 |
|
29,800 |
35,760 |
49,000,000 |
50,000,000 |
|
30,400 |
36,480 |
50,000,000 |
No max. |
|
31,000 |
37,200 |