Creative Industries Tax Reliefs

Audio-Visual Expenditure Credits (AVECs) are a form of Corporation Tax relief for film and TV production companies that replaced the older creative industry relief structure from 1 January 2024. Rather than reducing your taxable profits, AVECs work as a credit that offsets you...

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Creative industries tax reliefs help production companies reduce their Corporation Tax bill by claiming additional deductions or expenditure credits on qualifying costs. This article explains how to calculate your relief amount and complete the CT600P supplementary pages, whet...

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Film Tax Relief is a Corporation Tax relief that can significantly reduce the tax bill for qualifying film production companies. If your company produces British films for cinema release and meets specific criteria, you can claim an additional deduction against your Corporatio...

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Museums and galleries that meet specific criteria can claim valuable tax relief on the costs of putting on qualifying exhibitions. This relief — Museums and Galleries Exhibition Tax Relief (MGETR) — allows eligible companies to claim an additional deduction on their Corporatio...

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The UK offers a range of tax reliefs and expenditure credits specifically designed to support companies working in creative industries, from film and television production to video games, theatre, and museum exhibitions. These schemes can reduce your Corporation Tax bill, or e...

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If your company produces television programmes, you may be able to claim corporation tax relief through one of three schemes: High-end Television Tax Relief, Animation Tax Relief, or Children's Television Tax Relief. These schemes can provide significant tax savings by offerin...

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If your company puts on theatrical productions or orchestral concerts, you may be able to claim generous tax relief that reduces your Corporation Tax bill or even generates a cash payment from HMRC. These reliefs can provide an additional deduction of up to 80% of your core pr...

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If your company develops video games, you may be able to claim tax relief to reduce your Corporation Tax bill or receive a cash payment. Two schemes are available: Video Games Tax Relief (VGTR) for older projects, and Video Games Expenditure Credit (VGEC) for games that starte...

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