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

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™
TAKE A FREE TRIAL NOW
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.

Read moreRead more
Powered by Tolley+™
  • 03 Feb 2025 13:11

Home/ Tolley Tax Guidance/ Corporation Tax / Maximising corporation tax reliefs

Popular Articles

Personal Tax

Payment of tax due under self assessment

Payment of tax due under self assessmentNormal due dateIndividuals are usually required to pay any outstanding income tax, Class 2 and Class 4 national insurance, and capital gains tax due for the tax year by 31 January following the end of the tax year (ie 31 January 2025 for the 2023/24 tax year).

14 Jul 2020 12:52 | Produced by Tolley Read more Read more
Trusts and Inheritance Tax

Tax on UK resident beneficiaries of non-resident trusts ― overview

Tax on UK resident beneficiaries of non-resident trusts ― overviewIntroductionUK resident beneficiaries of non-resident trusts are subject to UK tax on payments or benefits received from the trust. They are liable for income tax on income distributions from the trust and they may also be liable to

14 Jul 2020 13:47 | Produced by Tolley Read more Read more
Value Added Tax

Payments on account (POA)

Payments on account (POA)This guidance note provides and overview of the payments on account regime (POA). More in depth commentary can be found in De Voil Indirect Tax Service V5.110.What are payments on account?VAT registered businesses with an annual VAT liability of more than £2.3m are required

14 Jul 2020 12:52 | Produced by Tolley Read more Read more