Julie Walters with Michael Caine in Educating Rita.
Walters will receive the honour - introduced in 2002 to recognise outstanding contribution to British film by an actor - at the ceremony on December 8 at Old Billingsgate, London.
Julie Walters CBE began her career in TV alongside comic Victoria Wood before going on to find film fame in a career that has spanned more than four decades. She found fame in a BAFTA and Golden Globe winning performance in a supporting role in the 1984 hit Educating Rita, which also earned her an Academy Award nomination.
She has since been nominated for an Oscaar for her work on Stephen Daldry's Billy Elliot. Her work has also include family favourites such as Brave and the Harry Potter series. She will next be seen in The Harry Hill Movie out later this month, and plays Mrs Bird in live-action drama Paddington, which is due for release in late 2014.
The full list of nominations for the rest of the awards is here.