What are Creative Industries Tax Reliefs? Which Creative Industries Tax Relief are you eligible for? When should relief be claimed under Audio-Visual Expenditure Credit (AVEC) and Video Games Expenditure Credit (VGEC)? 

This is a freeview 'At a glance' guide for Creative Industries Tax Reliefs. 

Companies engaged in producing films, animation, high-end TV, children's TV, video games, theatre performances, orchestral performances, and museum & gallery exhibitions can claim a special Corporation Tax relief in respect of their production costs. 

Summary of the reliefs avalible: 

Apply to the
production of:
The Original Relief

Expenditure Credits 

Film Film Tax Relief (FTR)

34% Audio-Visual Expenditure Credit (AVEC)

Animation Animation Tax Relief (ATR)                                                      39% Audio-Visual Expenditure Credit (AVEC)
High-end TV

High-End TV Tax Relief (HETR)

34% Audio-Visual Expenditure Credit (AVEC)
Children's TV

Children’s TV Tax Relief (CTR)

39% Audio-Visual Expenditure Credit (AVEC)
Video Games

Video Games Tax Relief (VGTR)

34% Video Games Expenditure Credit (VGEC)
Theatre Theatre Tax Relief (TTR)

 

TTR, OTR and MGETR are unaffected by the reform to expenditure credits. 

Orchestral performance

Orchestra Tax Relief (OTR)

Museum & Gallery Exhibitions

Museum & Gallery Exhibitions Tax Relief (MGETR)

Reform to expenditure credits 

The Original Relief

For qualifying expenditure incurred, qualifying companies can:

Each FTR, ATR, HETR, CTR and VGTR has it's own specific conditions. The reliefs are aimed at creative productions based in the UK.

Expenditure Credits 

Remaining Creative Industries Tax Reliefs

Administrative changes 

Useful guides on this topic

Creative Industries: Additional Information Form (AIF)
What are the additional information requirements? When should you complete the Additional Information Form (AIF)? What information is required? 

Creative Industries: Audio-Visual Expenditure Credit (AVEC) & Video Games Expenditure Credit (VGEC)
Audio-Visual Expenditure Credit (AVEC) will replace Film Tax Relief (FTR), High-End TV Tax Relief (HETR), Animation Tax Relief (ATR), and Children’s TV Tax Relief (CTR). Video Games Expenditure Credit (VGEC) will replace Video Games Relief (VGTR).

Creative Industries: AVEC worked example
How to calculate the Audio-Visual Expenditure Credit (AVEC) and Video Games Expenditure Credit (VGEC)? 

Creative Industries: AVEC worked example (with losses)
How to calculate the Audio-Visual Expenditure Credit (AVEC) and Video Games Expenditure Credit (VGEC)?  How to determine the credit repayable to the company if it incurs losses?

Creative Industries: Film Tax Relief and Television Tax Relief
Film Tax Relief (FTR), High-End TV Tax Relief (HETR), Animation Tax Relief (ATR) and, Children’s TV Tax Relief (CTR) are part of the UK's suite of creative industry tax reliefs. 

Creative Industries: Video Games Tax Reliefs (VGTR)
What is Video Games Tax Relief (VGTR)? Who can claim VGTR? When will VGTR cease? 

Creative Industries: Theatre Tax Relief (TTR)
What is Theatre Tax Relief (TTR)? Who can claim it? What are the conditions?

Creative Industries: Orchestra Tax Relief (OTR)
What is Orchestra Tax relief? What are the qualifying conditions? What is the rate of relief?

Creative Industries: Museum & Gallery Exhibitions Tax Relief (MGETR)
What is Museum & Gallery Exhibitions Tax Relief? When does it apply?

R&D Zone
How to calculate RDEC relief with losses and interactions with SME reliefs: worked examples and templates 


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