Television tax reliefs ― key provisions

Produced by Tolley in association with Will Sweeney
Corporation Tax
Guidance

Television tax reliefs ― key provisions

Produced by Tolley in association with Will Sweeney
Corporation Tax
Guidance
imgtext

Overview of television tax reliefs

This guidance note sets out the provisions governing the additional tax reliefs available for television production companies 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 television tax reliefs described below are no longer available for productions that start principal photography after 31 March 2025. The television tax relief detailed below remain relevant for continuing productions up to 31 March 2027 but from 1 April 2027 these tax reliefs will cease.

Television tax reliefs (TTRs) apply to eligible expenditure incurred on relevant programmes by a television production company. In addition to meeting the criteria for being classed as a television production company, other conditions must be satisfied to make a claim for TTR.

In summary, the following must be met before TTR is available:

  1. •

    the production company must be subject to UK corporation tax (UK permanent establishments of non-UK resident companies

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+™
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.

Powered by Tolley+™

Popular Articles

Foreign tax relief

Foreign tax reliefIncome and gains may be taxable in more than one country. The UK has three ways of ensuring that the individual does not bear a double burden:1)treaty tax relief may reduce or eliminate the double tax2)if there is no treaty, the individual can claim ‘unilateral’ relief by deducting

14 Jul 2020 11:44 | Produced by Tolley Read more Read more

Computation of corporation tax

Computation of corporation taxCompanies pay corporation tax on the taxable total profits (TTP) generated in a chargeable accounting period (CAP).To ascertain whether the entity is within the charge to corporation tax, see the Charge to corporation tax guidance note.For more information on the type

14 Jul 2020 11:16 | Produced by Tolley Read more Read more

Interest and penalties on late paid tax under self assessment

Interest and penalties on late paid tax under self assessmentInterestIf the capital gains tax, the balancing payment or payments on account of tax and / or Class 4 national insurance contributions (NIC) are paid late, HMRC will charge interest on the amount overdue from the original due date. The

14 Jul 2020 12:00 | Produced by Tolley Read more Read more