Creative Industry Tax Reliefs
How do you qualify for UK Creative Industry Tax Reliefs? This question is often at the forefront of producers’ minds when they are looking to set up and raise finance for a production in the UK.
Assisting producers and production companies worldwide
We work with film, TV, video games and theatre producers/creatives, and their companies throughout all stages of their production set-up in the UK; from national and international film & TV franchises and corporates, to established independents and start-ups.
Our expertise focusses on supporting clients with raising finance and accessing all the Creative Industry Tax Reliefs (CITR) available to productions in the UK. These include the audio-visual tax reliefs, comprising the Audio-Visual Expenditure Credit (AVEC) for film & television productions, the Independent Film Tax Credit (IFTC) and the Video Games Expenditure Credit (VGEC), and cultural tax reliefs for theatre, orchestras, museums and galleries.
As well as early-stage appraisals for CITR claims and advice on setting up productions in the UK, we manage all stages of our clients’ CITR claims with HMRC, ensuring they fulfill all the relevant criteria and have obtained the required British Film Institute (BFI) certification.
We are widely recognised in the industry as leading advisors on Creative Industry Tax Reliefs (CITR) and have influenced government policy changes in this highly specialist area; most recently with the reforms to audio-visual tax relief and the introduction of the Independent Film Tax Credit. We also advise production investment companies looking to set up in the UK and are nominated specialists on CITR for bank panels and other financiers.
Areas we cover:
- Audio-visual tax reliefs:
- Film Tax Relief (FTR)
- Animation Tax Relief (ATR)
- High-End Television Tax Relief (HETV)
- Children's Television Tax Relief (CTTR)
- Video Games Tax Relief (VGTR)
- Audio-Visual Expenditure Credit (AVEC) for Film, Animation, High-End Television & Children's Television
- Audio-Visual Expenditure Credit (AVEC) for visual effects expenditure (Film and High-End Television)
- Independent Film Tax Credit (IFTC)
- Video Games Expenditure Credit (VGEC) for Video Games
- Cultural tax reliefs:
- Theatre Tax Relief (TTR)
- Orchestra Tax Relief (OTR)
- Museums & Galleries Exhibition Tax Relief (MGETR)
- British Film Institute (BFI) Applications and Accountant’s Reports for BFI Certification, including Accountant’s Reports for films qualifying under Enhanced AVEC (IFTC) at Interim and Final Certification stage.
Finding the most effective & stress-free route to production
Authoritative advice across all creative industry tax reliefs
From the United States and Canada, to Europe and Australia, we handle projects for production companies coming to the UK from around the world, across multiple time zones.
We’ve advised filmmakers, producers and directors for many years and understand what it takes to get an idea into production and for it to be a commercial success. It’s our job to maximise all the financial opportunities our clients have and to guide them through the most effective and stress-free route to production.
Creative industry tax is a highly specialist area, requiring an understanding of the reliefs and how they apply, using industry know how and best practice expertise. Our team has advised clients in this area since 2007 when the first CITR reliefs were introduced and over the years, has extended this support to other industries as the scope of these reliefs has grown.
Related Tax Advice
- Enterprise Investment Schemes (EIS)
- Seed Enterprise Investment Schemes (SEIS)
- Research and Development (R&D) tax relief
- Withholding tax
- Tax appraisals for film financiers and investors
- Letters of Opinion
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