Film production company tax relief

Copyright © 2025 LexisNexis
Produced by Tolley in association with Will Sweeney
Corporation Tax
Guidance

Film production company tax relief

Copyright © 2025 LexisNexis
Produced by Tolley in association with Will Sweeney
Corporation Tax
Guidance
imgtext

The following tax relief for film production companies applies prior to 1 January 2024 on which date the revised relief for audio-visual content known as the audio-visual expenditure credit (AVEC) became available, see the Audio visual expenditure credit (AVEC) ― key provisions guidance note. The film tax relief detailed below is still available for new productions up to 31 March 2025 and continuing productions up to 31 March 2027 but from 1 April 2027 these tax reliefs will cease.

FPC tax relief

A special regime applies for the taxation of film production companies. In addition, the legislation provides for qualifying films to receive an additional tax deduction in respect of the production company’s expenditure on production of a film. This enhancement is up to 80% of qualifying expenditure on the film production.

Film production companies are also able to claim film tax relief for films that were initially intended to be released in cinemas, but which are instead put on streaming services, as long as they meet the criteria for high-end TV tax relief. This minimises the risk of relief being lost should a company decide to change their distribution method. This extension to

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Will Sweeney
Will Sweeney linkedinicon

Senior R&D Manager, Menzies LLP , Corporate Tax

Will Sweeney is a Senior R&D Manager in the Innovation & R&D team at Menzies where he looks after many of their largest clients. He has extensive experience of helping entrepreneurial clients to optimise their tax position throughout the innovation lifecycle by advising on issues including R&D tax credits, RDEC, Creative Sector reliefs and the Patent Box.In addition to his tax knowledge, Will started his career as an engineer and has worked with numerous technology, manufacturing and property sector clients. He brings a wealth of industry experience to his clients, helping him to understand the specific technical details of work undertaken by clients.Will contributes to TolleyGuidance Corporate module.

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  • 03 Feb 2025 13:11

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