Autumn Statement 2022 has been accompanied by a Consultation entitled 'Audio-visual tax reliefs' which seeks views on reforms to simplify and modernise the relief to support growth in the sector.

At a glance

The consultation is aimed at ensuring the reliefs are effective, provide value for money, simple to administer, future proof and do not create avoidance opportunities.

The proposals cover the five Audiovisual reliefs:

The consultation seeks views on:

  • Merging the variety of reliefs into a single tax credit based on expenditure.
  • Reforms to improve the claims process.
  • Making technical changes to the legislation to:
    • Set a length of TV programming and defining documentary for FTR.
    • Modernising qualifying expenditure and subcontracting limits for VGTR.

Responses should be sent by 9 February to:

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Reforms to the reliefs are expected in Spring 2024.

Useful guides on this topic

Film, Animation and TV tax relief
Film, Animation and TV tax relief are three reliefs that are part of the UK's suite of creative industry tax reliefs.

Video Games Development relief
Video Games Development tax relief is a tax relief that can be claimed by game production companies in respect of expenditure incurred in the development of British video games. The relief provides an enhanced deduction of expenditure for Corporation Tax relief or alternatively a repayable tax credit may be claimed.

Creative Industries Tax Reliefs: At a glance
Creative Industries Tax Reliefs, are a growing suite of special company tax reliefs that are similar in form to Research & Development (R&D) tax relief.

External links

Consultation: Audio-visual tax reliefs

Autumn Statement 2022

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