Film Tax Relief

What should you know! Counting King can help

Learn more about

Film Tax Relief

Film Tax Relief was the first incentive under creative tax relief, and it was first introduced in 2007. The relief is available to companies that are subject to Corporation Tax Relief and the benefit is given as a reduction in Corporation Tax liability or a payable credit depending on whether the company is profitable or loss-making.

Film Tax Relief Eligibility Criteria

To qualify, your company must hold the responsibility for operations such as payments for:

  • Goods
  • Services
  • Rights

Be accredited by the British Film Institute (BFI) and receive at least 18 points out of the 35 points available.
Your shooting day must be after January 1st 2007

  • Be in charge of your ‘core costs’, which by HMRC is defined by expenditure spent on:
    • Pre-production stage of your production
    • Post-production
    • Principal photography
    • The complete delivery of your production
    • 10% of your expenditure must also be spent in the UK

Your company must also be in charge, or at least actively engaged in activities such as:

  • Decision-making for your production
  • Planning of your production

How Much Tax Relief Can I Get?

Benefits Of Film Tax Relief

Claim Size

You can claim up to 80% of your eligible costs through this incentive

No Cap

There is no cap on the amount you can claim, so it does not matter how big your budget is as you will still be able to claim back up to 80% of what you have spent

How Does Counting King Handle My Claim?

The process is simple:

Getting To Know You

We will hold an initial, informal conversation with you to understand what activities you have conducted, what your business is and whether you qualify for the incentive

Evaluating Your Costs

We will request your financials to evaluate your costs and calculate your benefit

Writing Your Claim

We will write the claim for you which you can look over before submission to HMRC – you can be as involved in the process of writing your claim as you want to be

Rewards

Receive your benefit in either a reduction in your Corporation Tax liability or a payable credit

For help or advice please contact us:

Get In Touch !

We operate nationwide for a range of services and would love to help if possible.

Our highly trained consultants and analysts will look after you and all of your referrals so well, they will thank you for introducing us!

 

0161 667 5069

info@countingking.co.uk

Magnetic House, Salford, M50 3XW

Download our Film Tax Relief Information

Learn about the process of claiming Film Tax Relief