High-End Television Tax Relief

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High-End Television Tax Relief

You will be able to claim for this incentive if your company is subject to Corporation Tax. This incentive supports companies by offering a reduction in Corporation Tax liability or payable tax credit, however, the form in which you receive your benefit depends on certain qualifying factors and whether you are profit or loss-making.

High-End Television Tax Relief Eligibility Criteria

The programme that you are trying to claim relief on must be made with the intention of broadcast, it does not matter whether this is on television or online, and the broadcasting time must be of 30 minutes or longer.
Your production must have a cost of at least £1m per hour of broadcast.
You must hold a certificate accredited by the British Film Institute (BFI).
Your programme genre must fall under comedy, documentary or drama to be eligible for the relief.

  • You must be responsible for ‘core costs’ which by HMRC are defined as:
    • Pre-production
    • Post-production
    • Principal photography
  • Your company must also pay for
    • Rights
    • Goods
    • Services
  • You have to be at least actively engaged in the planning stages of your production as well as decision-making

What You Cannot Claim Through High-End Television Tax Relief

There are a few limiting factors to the incentive:

  • Live performance broadcasts
  • Quiz, panel or variety shows
  • If the programme was produced for training purposes

How Much Tax Relief Can I Get?

Benefits Of High-End Television Tax Relief

Claim Size

It does not matter how large your budget is, as long as you qualify under the incentive then you will be able to claim up to 80% of your total production budget

Deduction

Your company is also able to claim additional deductions if you wish to increase your losses or profits in order to reduce the total amount of Corporation Tax that you need to pay

The intention of broadcast can be proven by:
• Length of episode • Type of programme • Payment of your staff, including actors, must be in line with industry standard
British Film Institute - BFI
If you are not accredited by the BFI then Counting King can also help you with this for no extra fee. We do however ask for you to make a charitable donation of £10.

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 High-End TV Tax Relief Information

Learn about the process of claiming High-End TV Tax Relief