Creative tax relief schemes in the UK are intricately crafted to invigorate businesses engaged in artistic pursuits, propelling them to invest in fresh projects and broaden their enterprises. These schemes bestow alluring tax incentives upon businesses within the creative industries, spanning domains like film, television, video games, animation, and more.
They cultivate a collaborative environment that beckons talent, nurtures skills, and amplifies technological prowess. Moreover, these schemes ripple through the economy, luring foreign investments, fuelling employment, and kindling cultural engagement.
Creative tax relief schemes provide tax relief or tax credits to businesses, which can help improve their cash flow. This can provide businesses with additional funds to invest in new projects or expand their existing operations.
The tax relief schemes are designed to encourage businesses to invest in new creative projects, which can lead to the development of new products, services, and intellectual property. This can help to grow the creative industries in the UK and promote economic growth.
Creative tax relief schemes can make the UK an attractive destination for foreign investors looking to invest in the creative industries. This can help to create jobs and stimulate economic growth in the country.
The tax relief schemes can help to create jobs in the creative industries by providing incentives for businesses to invest in new projects and expand their operations. This can lead to increased employment opportunities and economic growth.
Creative tax relief schemes can encourage businesses to take risks and invest in innovative projects, which can help to drive innovation and creativity in the UK’s creative industries.
This is a short meeting either by phone or in person, to confirm if you are eligible for the specific branch of creative tax relief.
This is to confirm our T&Cs, NDA, and Data Protection Compliance, and is a simple form signed electronically.
This is where you will sit down with a specialist tax analyst to determine which (if any) of the incentives your company qualifies for, and explain the administration process that Counting King will conduct on your behalf.
We request copies of certain financial documentation such as your accounts, payroll summaries, tax computations, and certificates (if necessary) to calculate what benefit you will receive.
This is where we send everything to you for approval and make sure you are happy with the content included, which will be sent to HMRC.
This is where your claim and all of the supporting evidence we have produced is submitted to HMRC for processing
Find Out How Much You Can Claim With Our FREE Creative Tax Relief Calculator. You can even get the calculation emailed to you for future use.
Film tax relief is a scheme offered by the UK government to support the British film industry. The scheme was introduced in 2007 to encourage investment in the production of films in the UK and to make the UK a more attractive destination for international film production.
Under the film tax relief scheme, eligible productions can claim a tax credit of up to 25% of qualifying UK expenditure. Qualifying expenditure includes costs related to pre-production, principal photography, and post-production that are incurred in the UK.
To be eligible for the scheme, a production must meet certain cultural tests that are designed to ensure that the production is sufficiently British in character. The tests take into account factors such as the nationality of the key creative personnel, the locations used for filming, and the language of the film.
The film tax relief scheme has been successful in attracting a significant amount of international film production to the UK, as well as supporting the development of the domestic film industry. The scheme has also been extended to include high-end television productions and animation productions, which has helped to further support the UK’s creative industries.
Animation tax relief is a scheme offered by the UK government to support the animation industry. The scheme was introduced in 2013 to encourage investment in the production of animation in the UK and to make the UK a more attractive destination for animation production.
Under the animation tax relief scheme, eligible productions can claim a tax credit of up to 25% of qualifying UK expenditure. Qualifying expenditure includes costs related to pre-production, production, and post-production that are incurred in the UK.
To be eligible for the scheme, an animation production must meet certain cultural tests that are designed to ensure that the production is sufficiently British in character. The tests take into account factors such as the nationality of the key creative personnel, the locations used for filming, and the language of the production.
The animation tax relief scheme has been successful in attracting a significant amount of international animation production to the UK, as well as supporting the development of the domestic animation industry. The scheme has also helped to create jobs and stimulate economic growth in the animation industry.
Overall, the animation tax relief scheme provides a range of benefits to businesses in the animation industry in the UK, including increased cash flow, investment, employment, and innovation. These benefits can help to support economic growth and promote the development of the UK’s animation industry.
High-end television tax relief is a scheme offered by the UK government to support the production of high-quality television programmes in the UK. The scheme was introduced in 2013 to encourage investment in the production of high-end television in the UK and to make the UK a more attractive destination for international television production.
Under the high-end television tax relief scheme, eligible productions can claim a tax credit of up to 25% of qualifying UK expenditure. Qualifying expenditure includes costs related to pre-production, production, and post-production that are incurred in the UK.
To be eligible for the scheme, a high-end television production must meet certain cultural tests that are designed to ensure that the production is sufficiently British in character. The tests take into account factors such as the nationality of the key creative personnel, the locations used for filming, and the language of the production.
The high-end television tax relief scheme has been successful in attracting a significant amount of international television production to the UK, as well as supporting the development of the domestic television industry. The scheme has also helped to create jobs and stimulate economic growth in the television industry.
Overall, the high-end television tax relief scheme provides a range of benefits to businesses in the television industry in the UK, including increased cash flow, investment, employment, and innovation. These benefits can help to support economic growth and promote the development of the UK’s television industry.
Children’s television tax relief is a scheme offered by the UK government to support the production of children’s television programmes in the UK. The scheme was introduced in 2015 to encourage investment in the production of high-quality children’s television in the UK and to make the UK a more attractive destination for international children’s television production.
Under the children’s television tax relief scheme, eligible productions can claim a tax credit of up to 25% of qualifying UK expenditure. Qualifying expenditure includes costs related to pre-production, production, and post-production that are incurred in the UK.
To be eligible for the scheme, a children’s television production must meet certain cultural tests that are designed to ensure that the production is sufficiently British in character. The tests take into account factors such as the nationality of the key creative personnel, the locations used for filming, and the language of the production.
The children’s television tax relief scheme has been successful in attracting a significant amount of international children’s television production to the UK, as well as supporting the development of the domestic children’s television industry. The scheme has also helped to create jobs and stimulate economic growth in the children’s television industry.
Overall, the children’s television tax relief scheme provides a range of benefits to businesses in the children’s television industry in the UK, including increased cash flow, investment, employment, and innovation. These benefits can help to support economic growth and promote the development of the UK’s children’s television industry.
Video games tax relief is a scheme offered by the UK government to support the production of video games in the UK. The scheme was introduced in 2014 to encourage investment in the production of high-quality video games in the UK and to make the UK a more attractive destination for video game development.
Under the video games tax relief scheme, eligible productions can claim a tax credit of up to 25% of qualifying UK expenditure. Qualifying expenditure includes costs related to pre-production, production, and post-production that are incurred in the UK.
To be eligible for the scheme, a video game production must meet certain cultural tests that are designed to ensure that the production is sufficiently British in character. The tests take into account factors such as the nationality of the key creative personnel, the locations used for development, and the language of the game.
The video games tax relief scheme has been successful in attracting a significant amount of international video game development to the UK, as well as supporting the development of the domestic video game industry. The scheme has also helped to create jobs and stimulate economic growth in the video game industry.
Overall, the video games tax relief scheme provides a range of benefits to businesses in the video game industry in the UK, including increased cash flow, investment, employment, and innovation. These benefits can help to support economic growth and promote the development of the UK’s video game industry.
Orchestra tax relief is a scheme offered by the UK government to support the production of orchestral concerts and recordings in the UK. The scheme was introduced in 2016 to encourage investment in the production of high-quality orchestral performances in the UK and to make the UK a more attractive destination for international orchestral productions.
Under the orchestra tax relief scheme, eligible productions can claim a tax credit of up to 25% of qualifying UK expenditure. Qualifying expenditure includes costs related to pre-production, production, and post-production that are incurred in the UK.
To be eligible for the scheme, an orchestral production must meet certain criteria, including having a minimum number of musicians and being performed by a professional orchestra. The scheme is also designed to encourage the use of British musicians, conductors, and composers.
The orchestra tax relief scheme has been successful in attracting a significant amount of international orchestral production to the UK, as well as supporting the development of the domestic orchestral industry. The scheme has also helped to create jobs and stimulate economic growth in the orchestral industry.
Overall, the orchestra tax relief scheme provides a range of benefits to businesses in the orchestral industry in the UK, including increased cash flow, investment, employment, and innovation. These benefits can help to support economic growth and promote the development of the UK’s orchestral industry.
Museums and galleries exhibition tax relief is a scheme offered by the UK government to support the production of exhibitions in the UK. The scheme was introduced in 2017 to encourage investment in the production of high-quality exhibitions in the UK and to make the UK a more attractive destination for international exhibitions.
Under the museums and galleries exhibition tax relief scheme, eligible exhibitions can claim a tax credit of up to 25% of qualifying UK expenditure. Qualifying expenditure includes costs related to planning, developing, designing, constructing, installing, and dismantling the exhibition that are incurred in the UK.
To be eligible for the scheme, an exhibition must be intended to inform, educate, or entertain the public on a particular subject matter. The exhibition must also be open to the general public for at least three days, and must be held in a museum, gallery, or other similar institution.
The museums and galleries exhibition tax relief scheme has been successful in supporting the development of high-quality exhibitions in the UK, and has helped to make the UK a more attractive destination for international exhibitions. The scheme has also helped to create jobs and stimulate economic growth in the museums and galleries industry.
Overall, the museums and galleries exhibition tax relief scheme provides a range of benefits to businesses in the museums and galleries industry in the UK, including increased cash flow, investment, employment, and innovation. These benefits can help to support economic growth and promote the development of the UK’s museums and galleries industry.
The UK Theatre Tax Relief is a government initiative aimed at supporting the theatre industry by providing tax relief to eligible production companies. The relief is intended to encourage investment in new productions and to promote growth and innovation in the theatre industry.
To qualify for the relief, a theatre production company must be a UK resident and produce a theatrical production that is intended for public performance. The production must also meet certain criteria, such as having a script and being performed by live actors.
If the production company meets these requirements, it can claim a tax relief of up to 20% on qualifying expenditure. Qualifying expenditure includes the costs of producing, running and closing the production, as well as certain overheads such as administration and marketing.
The tax relief is available to both commercial and non-profit theatre production companies, and can be claimed against corporation tax or income tax. The relief can be a significant benefit to production companies, reducing the financial risk of producing new work and enabling them to invest in future productions.
In summary, the UK Theatre Tax Relief is a government initiative aimed at supporting the theatre industry by providing tax relief to eligible production companies, encouraging investment in new productions and promoting growth and innovation in the theatre industry.
Contact us today to learn more about our tax relief options and how we can help your business grow.