HMRC and HM Treasury are reforming tax relief schemes for the audio-visual and video games industries, including adjustments to expenditure credits, visual effects relief, and new support for film distribution costs. The policy aims to incentivize domestic production and investment while ensuring cost-effectiveness, with recommendations for implementation at upcoming fiscal events.
In response to: Creative and Audio-Visual Reliefs
In response to: Audio-Visual and Video Games Expenditure Credits: administrative amendments
In response to: Corporation Tax: additional tax credit for visual effects (VFX) expenditure
This tax information and impact note is about the additional amount of Audio-Visual Expenditure Credit available to film and television production companies in respect of visual effects expenditure.
This tax information and impact note is about 3 administrative changes to the legislation for Audio-Visual and Video Games Expenditure Credits in Part 14A of the Corporation Tax Act 2009.
Consultation on the 5% increase in Audio-Visual Expenditure Credit and removal of the 80% cap on qualifying expenditure, for UK visual effects costs.
Consultation on the 5% increase in Audio-Visual Expenditure Credit and removal of the 80% cap on qualifying expenditure, for UK visual effects costs.
Enhanced Audio-Visual Expenditure Credit for UK Independent Films.
Consultation on the 5% increase in Audio-Visual Expenditure Credit and removal of the 80% cap on qualifying expenditure, for UK visual effects costs.
In response to: Reform of film, TV and video games tax reliefs to expenditure credits
In response to: Reform of audio-visual creative tax reliefs to expenditure credits
This measure is about the reform of the film, TV and video games tax reliefs to expenditure credits.
Consultation on reforms to audio-visual tax reliefs. The proposals aim to simplify and modernise the reliefs, boost growth in the sectors and ensure the reliefs remain sustainable.
Consultation on reforms to audio-visual tax reliefs. The proposals aim to simplify and modernise the reliefs, boost growth in the sectors and ensure the reliefs remain sustainable.
Consultation on reforms to audio-visual tax reliefs. The proposals aim to simplify and modernise the reliefs, boost growth in the sectors and ensure the reliefs remain sustainable.
This tax information and impact note details legislation that enables film production companies to switch between Film Tax Relief (FTR) and High-End TV Relief (HETV) during production.
A consultation into a tax relief designed to encourage the creation of more and higher quality exhibitions, as well as to support touring of exhibitions across the country and abroad, raising the UK’s profile internationally.
A consultation on draft legislation to align taxation of free gaming in Remote Gaming Duty with that of free bets in General Betting Duty.
A consultation into a tax relief designed to encourage the creation of more and higher quality exhibitions, as well as to support touring of exhibitions across the country and abroad, raising the UK’s profile internationally.
A consultation on draft legislation to align taxation of free gaming in Remote Gaming Duty with that of free bets in General Betting Duty.
A consultation into a tax relief designed to encourage the creation of more and higher quality exhibitions, as well as to support touring of exhibitions across the country and abroad, raising the UK’s profile internationally.
A consultation on draft legislation to align taxation of free gaming in Remote Gaming Duty with that of free bets in General Betting Duty.
Seeking views on proposals for a new orchestra tax relief.
Seeking views on proposals for a new orchestra tax relief.
Seeking views on proposals for a new orchestra tax relief.