High-End
TV Tax Relief
how much you could receive
What Is High-End Television Tax Relief?
Everything you need to know
How Do I Qualify For High-End TV Tax Relief
Cultural Test
In order to qualify for the incentive, your work must first be classed as British. This is done through a Cultural Test and is accredited by the British Film Institute (BFI). This is a simple points-based test, where you need secure 18 points out of the 35 available.
In addition, you will also need to qualify as a British co-production.
Main Operations Criteria
Your company will need to be involved with main operations such as:
• Negotiation of contracts
• Payments for:
○ Goods
○ Services
○ Rights
The end goal of your production must be for broadcasting purposes, whether that is on TV or online, and the intended target audience must be for children 15 years of age or under.
The production must be predominantly live-action (51% or more), if this requirement is not met then you may apply for Animation Tax Relief instead.
Your production can (unlike Animation Tax Relief) be a competition, game show or a quiz-based programme as long as the prize does not exceed £1000.
HMRC requires your company to be in charge of ‘core costs’ which are classed as costs related to:
○ Pre-production stage of your programme
○ Post-production
○ Principal photography
○ The delivery of the whole programme
At least of 10% of your core expenditure is spent in the UK to stimulate the economy.
How Much Tax Relief Can I Get?
The intention of broadcast can be proven by:
- Length of episode
- Type of programme
- Payment of your staff, including actors, must be in line with industry standard
British Film Institute - BFI
COMPLEX TAX INVESTIGATIONS
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Churchill Tax provides all types of tax advice on complex issues to individuals and companies across all sectors. We make the time and effort to understand our client’s businesses and needs and our tax experts have a proactive and flexible approach to helping clients overcoming the challenges they face.
GOT A QUESTION?
If you are looking to action any of these tips in our guide or if have any other queries about tax and planning your finances for your future, our Private Client Tax team are here to help. Get in touch with a member of the team for an initial chat now.
OUR EXPERIENCE
At Churchill Tax we have extensive experience dealing with HMRC Investigations and we regularly deal with Tax Inspectors within HMRC’s Specialist Investigations and Local Compliance Fraud teams. Our people have worked in Tax Investigations teams at ‘Big 4’ accountancy firms, niche tax investigations practices and within HMRC as Tax Inspectors. At Churchill Tax, our personal, friendly and understanding approach ensures that we provide the best possible service at the most competitive prices.
How Does Churchill Tax Handle My Claim?
1. Getting To Know You
2. Evaluating Your Costs
We will request your financials to evaluate your costs and calculate your benefit
3. Writing Your Claim
We will write the claim for you which you can look over before submission to HMRC – you can be as involved in the process of writing your claim as you want to be.
4. Rewards
Receive your benefit in either a reduction in your Corporation Tax liability or a payable credit
WHAT WE OFFER
When appointing a Tax specialist to act on your behalf, it’s important to know that you’re in good hands. You need to know that the advisor you appoint has the experience, skills and courage required to achieve the best possible outcome for you.
Our role is as much about supporting our clients personally as it is about providing professional and effective Tax representation. This is why we have implemented facilities such as flexible payment options , that aim to make the process straight forward and stress free.
Have you received a notification of HMRC investigation?
BOOK A CONSULTATION
Churchill Tax provides all types of tax advice on complex issues to individuals and companies across all sectors. We make the time and effort to understand our client’s businesses and needs and our tax experts have a proactive and flexible approach to helping clients overcoming the challenges they face.