ÀÏ˾»úÎçÒ¹¸£Àû

What relief is available for creative industries?

The creative industry tax reliefs are a set of corporation tax provisions that provide additional tax reliefs to companies in the following sectors :

1. •

   film production

2. •

   television production ― television tax relief covering high-end TV, animations and children’s programmes

3. •

   video games development

4. •

   theatrical production

5. •

   orchestral production

6. •

   museum and gallery exhibition production

The reliefs are generally given in relation to qualifying expenditure as long as a number of conditions are met. The way in which companies in each of these sectors are taxed is subject to a particular set of rules. For instance, the activities carried out by the company on the creative tasks are treated as a separate trade for each production and there are specific rules regarding the treatment of income or losses arising from each activity. This means that income and expenditure