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0113 246 1234

Could you benefit from the £1.6billion creative industry tax incentives?

If you operate a business within the creative sector, you might be able to access substantial tax incentives offered by the Government. These incentives are designed to promote the UK’s ambition to become Europe’s hub for technology by encouraging growth in the digital, creative, and other high-tech fields.

To be eligible for the creative industry tax incentives, your business must meet the following criteria:

In some cases, to qualify for tax incentives, the final product must pass a cultural test to obtain a certification from the British Film Institute (BFI).

Companies engaged in creating live-action films, TV shows, and video games can receive up to 20 per cent of the main production expenses back as corporate tax incentives.

Similarly, theatre and orchestra productions, as well as museums and galleries, can claim up to 25 per cent of the primary production costs.

Animated productions and films are also eligible to reclaim up to 25 per cent of the costs incurred during pre-production, main photography, and post-production phases as a tax rebate.

If you’re uncertain whether your business meets the requirements for the creative industry tax incentives, our skilled accountants are here to assist you. Reach out to us today.

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