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.
Knowledge Base
Where we share our
in-house expertise
directly with you
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
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 specialist 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 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.
Creative Industry Tax Relief Guide
Film Tax Relief, High-end Television Tax Relief, Children’s Television Tax Relief, Animation Tax Relief, Video Games Tax Relief, Theatre Tax Relief, Orchestra Tax Relief & Museums and Galleries Exhibition Tax Relief.
Download our full guide for more details on each of the tax reliefs and how we can help.
Knowledge Base
Benefit from our unique specialist expertise and take advantage of our wealth of knowledge in the financial sector
Take advantage of our 30+ years of expert knowledge and insight in the financial sector
