Creative Industries - special tax relief is available

Creative industry tax relief is made up of eight reliefs, which is available to those businesses which pay corporation tax.

Creative industry tax relief is made up of the following eight reliefs, which is available to those businesses which pay corporation tax:

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

Am I eligible?

The government website says: "Your company must have responsibility throughout development, from the start of pre-production until the completion of the film, programme or game.”

"For theatrical productions, orchestral concerts or exhibitions, the company must be responsible for producing, running and closing the production."

You will also need to pass the British Film Institute's (BFI) cultural test, which requires all films, animation and television programmes or video games to be certified as British.

How do I claim?

You can claim it as a tax-deductible expense on your Company Tax Return. If you think this applies to your business, give us a call on either 01933 312950 / 01604 678470 and we can discuss how to make the most of the tax allowances and reliefs available to you.