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

Settlor-interested trusts

Settlor-interested trustsWhat is a settlor-interested trust?A settlor-interested trust is one where the person who created the trust, the settlor, has kept for himself some or all of the benefits attaching to the property which he has given away. A straightforward example is where a settlor

14 Jul 2020 13:38 | Produced by Tolley Read more Read more

Subsistence expenses

Subsistence expensesIntroductionSubsistence is the amount incurred as a consequence of business travel. Typically it relates to accommodation and meal costs incurred. These amounts are allowed because they are associated with the necessary travel which is not to a permanent workplace. See the Travel

14 Jul 2020 13:43 | Produced by Tolley in association with Philip Rutherford Read more Read more

Self assessment ― estimates and provisional figures

Self assessment ― estimates and provisional figuresIf the taxpayer does not have sufficient information to enable them to complete the tax return in the time allowed, they should include either a best estimate or a provisional figure. The taxpayer should not either leave a box blank or enter

14 Jul 2020 13:37 | Produced by Tolley Read more Read more