Creative Industry Tax Relief Claims

Creative industry tax relief claims allow qualifying companies in the creative industries to reduce their corporation tax liability or receive a payable tax credit. The main reliefs are:

• Film Tax Relief
• Animation Tax Relief
• High-end Television Tax Relief
• Children's Television Tax Relief
• Video Games Tax Relief
• Theatre Tax Relief
• Orchestra Tax Relief
• Museums and Galleries Exhibition Tax Relief

To qualify, a business must be directly involved in the production and development of the creative work, actively participate in decision making, and have responsibility from pre-production to completion. The creative work must also pass a cultural test or qualify through an international co-production treaty.

We can assist your business claim these reliefs by:

• Determining eligibility based on the business's involvement and the nature of the creative work produced
• Calculating the additional deduction a business can claim based on its qualifying expenditure
• Submitting the claim, along with an additional information in support
• Advising on how to treat the relief, either reducing the corporation tax payable or surrendering losses for a payable tax credit
• Staying up-to-date on changes to the reliefs, such as the reform to expenditure credits replacing some of the previous tax reliefs