Arts, Entertainment and Recreation

R&D Tax Credit Examples, Hints & Tips To Maximise Value
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Arts, Entertainment and Recreation

Arts, Entertainment and Recreation is booming with R&D more than ever. The sector took a hit with COVID but is expected to be reversed in the future, as there is now not a better time to begin your Research and Development Tax Claim.

We know that there are a lot of nuances regarding this incentive but that’s why specialists like ourselves are on the market. R&D is everywhere without you even necessarily realising this. We can conduct a casual meeting with yourself to understand your business, how you operate and what costs you’ve incurred that could qualify. 

4 Project Examples

Below are project examples that would qualify for R&D tax credits in arts, entertainment and recreation 

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Design

Designing a product that controls lighting systems which aims to run both the performance and house lighting from the show control desk.

Development

The development of an app that advances your field or the engineering of bespoke sets or staging that has not been seen before.

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New technology

You can claim for the creation of things such as AI or new technology which aims to improve the experience of the user whether online or not.

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Creation

Creation of an app which aims to help users have a seamless experience in a museum, whether that be by purchasing tickets or the experience within the museum.

Costs Which Don't Qualify

Sometimes the parts you may think qualify, don’t. Here are some examples of what doesn’t qualify in the arts, entertainment and recreation

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Rent

Rent does not qualify for R&D Tax Credits under any circumstance.

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Prototypes

If your company has developed a prototype but you aim to sell it on to a client, you will no longer be eligible to claim R&D expenditure for that prototype.

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Patent Costs

The cost of applying for a patent 'IP intellectual property' is not able to qualify under R&D Tax Credits.

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Purchasing Land

Purchasing land is another cost which will not qualify for the incentive. So for example, if you purchased land to develop the idea the land will not be allowed to be claim for.

How much could you receive in

Arts, Entertainment and Recreation

Use our free calculator today and you could have a significant benefit amount within 28 days!

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Download our R&D Tax Relief Information

Find out how simple it is to claim R&D Tax Credits in the Arts, Entertainment and Recreation sector 

Start Your Claim With Counting King Today!

Don’t hesitate on starting your claim. The government would like to say well done for your innovate hard work so check if you could be entitled to the money they are offering to support your business. With the Counting King simple process, we will go through if you are eligible and if you are we will go through the process and work out the amount you can claim.  It is a process we are experts in and will take the lead on producing for you.

We have you covered!

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Quick Q&A

In short, yes. The best thing to do is to figure out how much R&D you are doing, you should then be able to assign a proportion of your light, heat, water and power that was used for your R&D and amend your claim accordingly. 

One of the biggest portions of claims for the Research and Development tax incentive is circled around staff costs. Whether that might be people directly involved within the R&D or others who might be indirectly involved.

No, you do not need to create a new product to qualify for R&D Tax Credits. For example, if you tweaked a booking system which had an advancement, this could be claimed for the R&D incentive. Anytime you have attempted an advancement in the Entertainment sector, whether this worked or not, could still have the potential to be a qualifying activity.

In 2020, there were only 625 claims processed by HMRC for the Arts, Entertainment and Recreation sector, however this is set to rise towards the end of the COVID pandemic. On average you could receive £40,000 for your successful claim based on current statistics.

Where do we start? You can claim for:

  • Development of new systems
  • New, bespoke equipment development
  • Innovating new packaging options
  • A portion of your utilities bill
  • Subcontractors (up to 65%)
  • Reimbursed expenses

Yes! You are able to claim for unsuccessful projects as this falls under the ‘uncertainty’ you faced during the Research and Development you undertook.

Examples of uncertainty for R&D are;

  • Attempting to fix an issue with machinery that does not meet your requirements however being unable to resolve the issue
  • Managing environmental factors, decreasing your carbon footprint during  your manufacturing process 
  • If an innovative product didn’t work as well as you anticipated and didn’t provide you with what you needed

Find more about R&D in your sector!

Depending on your company size, you may qualify under the RDEC scheme (Research and Development Expenditure Credit) or under SME incentive (Small Medium Enterprises).

Find out more about your eligibility today.

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