Specialist R&D Tax & Grant Funding Advisors
Specialist R&D Tax & Grant Funding Advisors
Creative Industry Tax Reliefs are a group of 8 Creative Industry Tax Reliefs that allow qualifying companies to increase their amount of allowable expenditure.
Below are 8 simple sections to help you understand how each creative tax relief scheme works:
Video Games Tax Relief is worth up to 20% of the core production costs of a game.
VGTR supports UK game developers by offering them a tax rebate against the money they spend on the design, production and testing of a new video game.
Film Tax Relief is worth up to 20% of the core production costs of the film.
Film Tax Relief (FTR) supports Film Production Companies (FPCs) by offering a tax rebate against the money spent on the film’s pre-production, principal photography and post production.
High-End Television Tax Relief is worth up to 20% of the core production costs of the piece.
High-End Television Tax Relief offers Television Production Companies (TPCs) a tax rebate against the money spent on the pre-production, principal photography and post production.
Children’s Television Tax Relief is worth up to 20% of the core production costs of the piece.
Children’s Television Tax Relief offers Production Companies (PCs) a tax rebate against the money spent on the pre-production, principal photography and post production.
Theatre Tax Relief is worth up to 25% of the core production costs of the piece.
Theatre Tax Relief offers Theatre Production Companies (TPCs) a tax rebate against the money spent on the production of the theatrical piece.
Orchestra Tax Relief is worth up to 25% of the core production costs of the piece.
Orchestra Tax Relief (OTR) offers Orchestra Production Companies (OPCs) a tax rebate against the money spent on the production of an orchestral concert.
Museums & Galleries Tax Relief is worth up to 25% of the core production costs of the piece.
Museum and Galleries Exhibition Tax Relief (MGETR) is a creative industry tax relief incentive, funded by the UK government.
Animation Tax Relief is worth up to 25% of the core production costs of an animation project.
Animation Tax Relief (ATR) supports UK animation production companies by offering them a tax rebate against the money they spend on the pre-production, principal photography and post-production of a new animation project.
"Barrie & his team at Myriad Associates have provided a great service to us for a VGTR claim. They've been professional, knowledgeable, well-coordinated and have communicated well throughout the process. We would highly recommend their specialist knowledge."
Antonio Gould
Executive Director, Teach Monster Games
Step 1 of #
Is your business registered for Corporation Tax in the UK or are you a partnership with corporate owners?
Have you developed new or improved existing products, processes or services in the last 2 accounting periods?
Does your business have fewer than 500 staff, and either: A turnover of no more than €100 million; or Gross assets of no more than €86 million?
Sorry, you must be a UK limited company or be a Partnership with corporate owners to be eligible for R&D tax credits.
In order to qualify for R&D tax credits you must be seeking to advance science or technology within your industry. As you’ve not developed any new or improved any existing innovative tools, products or services, and not re-developed any existing products, processes or services in the last 2 years. It is unlikely you have any qualifying activity. If you’re unsure, email or call us and we’ll help clarify.
In order to claim R&D tax credits, you need to either employ staff or spend money on contractors, consumable items and other items. If you’re unsure, email or call us and we’ll help clarify.
Thanks for that!
Congrats!! Based on your previous answers, you will qualify for the SME scheme. If you’d like some help maximising and securing your claim, please email or call us.
Congrats!! Based on your previous answers, you will qualify for the RDEC scheme. If you’d like some help maximising and securing your claim, please email or call us.
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