This week HM Revenue & Customs has published a brief guide detailing the UK’s corporation tax reliefs for the creative industries. The guide gives an overview of the four different types of relief, explains the eligibility criteria for each and details how and when a claim should be submitted.
The long-established film tax relief was introduced in April 2007, whilst the animation and high-end television reliefs were introduced in April of this year. It is hoped that the video games development relief will be introduced later this year following EU state aid approval, which is currently under review (for further details see here).
HMRC’s guide can be found here.