High-End Television Tax Relief
What should you know! Counting King can help
Learn more about
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
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
