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The UK Film Tax Relief (FTR) gives films a financial boost by providing production companies with a payable cash tax credit. It’s one of the most generous, inclusive and reliable production incentives in the world, but it can be tricky to navigate. Who can apply for the UK FTR?
Feb 6, 2024 · A Guide to Taxes and Reliefs for UK films and TV Productions. We walk you through the key taxes and reliefs you need to know about for your production. 6 Feb 2024. By Samuel Ampah. Taxes to be aware of when making a UK Film or Television Production. We all likely recall the bold UK government advert claiming taxes don’t have to be taxing.
UK Film Tax Relief (FTR)is available for all British qualifying films of any budget level; the film production company can claim a payable cash rebate of up to 25% of UK qualifying expenditure.
- Overview
- Who can claim
- What you can claim
- When you can claim
- How to claim
- Closure of Film Tax Relief — from 1 April 2027
- Further information
Find out if you qualify for Corporation Tax Film Tax Relief and what you can claim.
Your company can claim Film Tax Relief on a film if:
•the film is certified as British by the British Film Institute
•it’s intended for theatrical release
•at least 10% of the ‘core costs’ relate to activities in the UK
Core costs are what’s spent on pre-production, principal photography and post-production.
Your company must be responsible for:
You can claim an additional deduction to reduce your profits or to increase a loss. This will reduce the amount of any Corporation Tax you will need to pay.
The additional deduction will be the lower of either:
•80% of total core costs
•the amount of UK core costs
You may make, amend or withdraw a claim to Film Tax Relief up to one year after the company’s filing date.
For accounting periods beginning on or after 1 April 2024, you may make, amend or withdraw a claim to Film Tax Relief up to 2 years after the end of the period of account the claim relates to.
You can claim for relief on your Company Tax Return. You will need to calculate the amount of:
•additional deduction due to your company
•any payable credit due
From 1 April 2024, all claims must be accompanied by an additional information form. This will allow you to provide the necessary evidence to support your claim.
For each production you should provide:
•a British cultural certificate from the British Film Institute — if an interim certificate is provided, you must send the final certificate after the film is complete and the certificate must be in date when you submit it
Film Tax Relief will be closed to all productions from 1 April 2027. You may be able to continue to receive relief under the Audio-Visual Expenditure Credit scheme.
You cannot claim Film Tax Relief for any productions that do not start principal photography by 31 March 2025. You may be able to claim an Audio-Visual Expenditure Credit instead.
You can find detailed guidance for film production companies, including examples of how the relief is calculated, in the Film Production Company Manual.
Published 10 February 2020
Last updated 19 January 2024 + show all updates
1.19 January 2024
We have updated the page with information on the Audio-Visual Expenditure Credit scheme and the closure of the Film Tax Relief scheme from 1 April 2027
2.31 January 2022
Oct 9, 2024 · The Independent Film Tax Credit (IFTC), confirmed today by the Chancellor and Culture Secretary as the London Film Festival gets underway, will mean that for the first time productions with a...
What is Film Tax Relief? The current Film Tax Relief (FTR) scheme was introduced in 2006 and applies to Film Production Companies (FPC) engaged in the making of: A British film. that is intended for theatrical release. where at least 10% of core expenditure relates to the UK.
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What is Film Tax Relief (FTR)? Film Tax Relief is an incentive the UK government offers to Film Production Companies. The FPC responsible for the film must be within the UK corporation tax net, as the FTR process enhances expenditure incurred during film development to create an additional deduction against profits or to create a loss to ...
