Creative industry tax reliefs

Creative industry tax reliefs are a group of eight Corporation Tax reliefs that allow qualifying companies to claim a larger deduction, or in some circumstances claim a payable tax credit when calculating their taxable profits.

These reliefs are:

• Film Tax Relief (FTR)
• Animation Tax Relief (ATR)
• High-end Television Tax Relief (HTR)
• Children's Television Tax Relief (CTR)
• Video Games Tax Relief (VGTR)
• Theatre Tax Relief (TTR)
• Orchestra Tax Relief (OTR)
• Museums and Galleries Exhibition Tax Relief (MGETR)

These reliefs work by increasing the amount of allowable expenditure. Where your company makes a loss, you may be able to 'surrender' the loss and convert some or all of it into a payable tax credit.

Find detail guidance on the creative industry tax reliefs.