Creative industry tax reliefs

Quick facts

Amount

Varies according to relief/ industry

Term

N/A

Cost

N/A

Speed

6-12 weeks after filing your claim for tax credits (though HMRC might be delayed)

Purpose of finance

Government tax relief to encourage the creative industries

Suitable for

Qualifying businesses

Creative industry tax reliefs are the UK government tax incentives for the creative industries. There are eight tax reliefs spanning film, high-end television, children’s television, animation, video games, theatre, orchestral concerts, and museum or gallery exhibitions.

These tax reliefs are designed to help companies fund their creative projects. If your company makes a loss, you might still be able to claim tax credit from HMRC.

Your company might be eligible for creative industry tax reliefs if you’re responsible for producing (from start to finish):

film and high-end television
children’s television
animation television
video games
theatrical productions
orchestral concerts
museum or gallery exhibitions.

To qualify for creative industry tax reliefs, films, television programmes or video games in particular must pass the British Film Institute’s Cultural Test and be certified as British. The BFI runs this test on behalf of the Department of Culture, Media and Sport.

You can find more information on the HMRC website under Creative industry tax reliefs.

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