Guide

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.