Creative Industry Tax Relief: Film, TV, Video Games & More on Your CT600
The UK offers some of the most generous creative industry tax reliefs in the world. If your company produces films, TV programmes, video games, animation, theatre, or orchestral performances, you could claim significant tax relief.
Audio Visual Expenditure Credit (AVEC) — From 1 January 2024
| Category | Credit Rate | Min UK Expenditure |
|---|---|---|
| Film | 25.5% | 10% of core costs |
| High-end TV | 25.5% | 10% |
| Animation (film/TV) | 29.25% | 10% |
| Children's TV | 29.25% | 10% |
Qualifying Conditions
- UK-registered production company
- Content intended for theatrical release or broadcast
- Pass the BFI cultural test
- At least 10% of core expenditure is UK expenditure
Video Games Expenditure Credit (VGEC)
| Credit Rate | Min UK Expenditure |
|---|---|
| 29.25% | 10% of core costs |
The game must be intended for supply to the general public and pass the BFI cultural test.
Example: Indie Game Studio
£400,000 development spend, £350,000 in UK:
| Item | Amount |
|---|---|
| UK qualifying expenditure | £350,000 |
| VGEC rate | 29.25% |
| Credit | £102,375 |
Theatre, Orchestra & Museums
| Relief | Touring | Non-touring |
|---|---|---|
| Theatre | 45% | 30% |
| Orchestra | 45% | 30% |
| Museums & Galleries | 45% | 30% |
Payable Credits
If your company is loss-making, the credit can be paid in cash by HMRC. This is crucial funding for pre-revenue creative companies.
CT600 Reporting
| Box | Description |
|---|---|
| Box 92 | Tick if claiming creative industry relief |
| CT600H | Supplementary page for claims |
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