Creative sector tax reliefs ― overview

Produced by Tolley in association with

Corporation Tax

Guidance

This guidance note outlines the various tax reliefs for the creative sectors which includes TV, films, video games, theatre, orchestra and museums and galleries.

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 :

•
film production
•
television production ― television tax relief covering high-end TV, animations and children’s programmes
•
video games development
•
theatrical production
•
orchestral production
•
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

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