Theatre, TV & Film

The team has carved out some impressive experience advising on financial matters, including helping secure valuable tax relief for
theatres and businesses within the TV and film industry.

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Where we share our
in-house expertise
directly with you

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Theatre, TV and Film

We can provide specialist advisory, accountancy and tax advice, tailored to organisations within the cultural sector, having some strong credentials across theatres, as well as for television and film production companies.

Friend Partnership has a particular niche in assisting with theatre and cultural tax reliefs. We have created specific accounting and audit procedures to assist in the calculation and claiming of such reliefs which can be invaluable to the financial wellbeing of such organisations. We have also dealt with many challenges from HMRC on the availability of the relief and the value of underlying claims.

Theatre and cultural tax reliefs

The Creative Industry Tax Reliefs are designed to encourage film making, television programme production and other cultural activities to take place in the UK. Friend Partnership has helped several West End theatre companies and production companies to secure valuable tax relief. It is available for companies which are directly involved in the production of:

Film/Movie production

Video games

Gallery exhibitions

High-end television

Theatrical productions

Music Events

Children’s television

Orchestral concerts

Other Cultural Activities

Animated television

Museum exhibitions

The main features of the relief are:

  • Enhanced corporation tax deduction for certain production costs.

Enhanced corporation tax deduction for certain production costs.

  • Where such an enhanced deduction gives rise to a loss, that loss can be surrendered in return for an immediate tax credit equal to 25% of the loss.

Where such an enhanced deduction gives rise to a loss, that loss can be surrendered in return for an immediate tax credit equal to 25% of the loss.

Friend Partnership specialists David Gillies can assist you with your creative industry tax relief claim or if you’d like to find out more about our theatre and cultural tax relief services.

Friend Partnership’s has created specific accounting and audit procedures to assist in the calculation and claiming of these reliefs. We are particularly conscious that speed is of the essence and pride ourselves on being able to obtain the relevant relief more quickly than other firms. We have also dealt with many challenges from HMRC on the availability of the relief and the value of underlying claims.

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Theatrical Productions Relief Guide
Please see our relief guide for more details on such tax reliefs and how we can help.