At TaxTek, we specialize in helping businesses in the creative sector maximize their savings through Creative Industry Tax Reliefs. These reliefs, provided by the UK government and managed by HMRC, offer significant financial support to various creative industries, including film, high-end television, children’s television, animation, video games, theatre, orchestras, museums, galleries, and exhibitions.
Our expert team at TaxTek will guide you through the entire process, ensuring your claims are compliant, optimized, and deliver the financial benefits you’re entitled to.
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What is Creative Industry Tax Relief?
Creative Industry Tax Relief is a valuable tax incentive designed to support the UK’s creative industries. Eligible companies can claim these reliefs as part of their Corporation Tax Returns, which provide a tax rebate on production costs, helping to reduce your tax liability and boost your project’s profitability.
At TaxTek, we are your trusted partner in navigating these tax relief schemes, making sure your claims are efficient, accurate, and deliver the maximum possible benefit to your business.
Creative Tax Reliefs We Cover
Below are the different Industry Tax Reliefs available, and how they can benefit your business:
Video Games Tax Relief (VGTR)
Video Games Tax Relief can save you up to 20% of core production costs. VGTR is designed to support UK game developers by offering tax relief on the design, production, and testing of video games. Whether you’re an indie developer or a large studio, this rebate can help reduce costs and fuel your next hit game.
Film Tax Relief (FTR)
Film Tax Relief is available to Film Production Companies (FPCs), offering a rebate of up to 20% on core production costs. From pre-production to post-production, this relief helps film makers save on the costs of bringing their vision to the screen.
High-End Television Tax Relief (HTR)
High-end television production can benefit from High-End Television Tax Relief, which provides up to 20% back on your production costs. This relief is a fantastic way for Television Production Companies (TPCs) to reduce the financial burden of creating quality content.
Children’s Television Tax Relief (CTR)
For children’s TV productions, Children’s Television Tax Relief offers up to 20% of core production costs back. This relief is available for production companies focusing on content for younger audiences, ensuring financial support in creating engaging and educational programs.
Theatre Tax Relief (TTR)
Theatre Tax Relief provides a generous rebate, offering up to 40% of core production costs for theatrical performances. Whether it’s a new play, musical, or live performance, Theatre Production Companies (TPCs) can benefit from significant savings.
Orchestra Tax Relief (OTR)
Orchestra productions can take advantage of Orchestra Tax Relief, offering up to 40% back on production costs. This relief applies to the pre- and post-performance stages, helping orchestras reduce costs and bring live music to audiences.
Animation Tax Relief (ATR)
Animation Tax Relief supports UK-based animation companies by offering a rebate of up to 20% of core production costs. Whether it’s for television, film, or digital platforms, animation projects can receive a substantial tax rebate on pre-production, principal photography, and post-production costs.
Museums & Galleries Tax Relief (MGETR)
Museums and galleries can claim Exhibition Tax Relief, which offers up to 36% of production costs for static exhibitions, and up to 40% for touring exhibitions. This relief helps support the creative and cultural sectors in delivering engaging experiences to the public.