HomeHelping youCorporate taxCreative industry tax reliefs

Creative industry tax reliefs

Creative industry tax reliefs overview

Creative sector tax reliefs are an initiative to help support the technological innovation and growth of businesses in order to maintain the UK’s position as a leader in the creative industry.

As one of the the UK’s growing suite of special company tax reliefs, creative industry tax relief have been likened to the Research & Development (R&D) tax relief scheme, both in terms of opportunity and value to a business.

When can I claim creative industry tax reliefs?

Making a creative industry tax relief claim can be a complex process to undertake, but begins by assessing whether you liable to Corporation Tax and identifying if you directly involved in the production and development of:

  • certain films
  • high-end and children’s television programmes
  • animation programmes
  • video games
  • theatrical productions
  • orchestral concerts
  • museum or gallery exhibitions.

Please note: Companies that claim creative industry tax reliefs are subject to special tax rules.


Creative industry tax relief advisory

menzies

Menzies’ specialist Creative Sector Team works in partnership with clients and other professionals to provide a commercially relevant and effective tax planning service, from concept development through to collating and presenting claims in a format to expedite the Theatre Tax Relief claims process.

This includes:
– Navigating you through the claims process from recording, reporting and final submission.
– Applying specialist knowledge of the creative tax regime to help you identify qualifying productions.
– Considering other relevant or complementary tax reliefs that may apply.
– Identifying, and improving methods for identifying, core expenditure to maximise effectiveness of the reliefs.
– Presenting information to minimise exposure to challenges from HMRC.


Contact Us


Corporate tax advice

tolleys logoOur award-winning tax team understand that innovative and strategic tax planning advice needs to take these factors into account if it’s to provide a real commercial advantage, add value to your business and contribute to its success.

One size does not fit all.

CORPORATE TAX SUPPORT SERVICES

Our service is built around getting to know you, and understanding your business and aspirations. Only then can we provide a fully integrated tax service that really works for you.

From start-ups to multi-nationals, our dedicated corporate and international tax team has the technical expertise to advise on a wide range of business tax matters. Through blending our tax knowledge with your commercial reality, we will help you make informed strategic decisions that improve the bottom line.

Find out more about Menzies corporate tax advisory services.

Print Friendly, PDF & Email

ESSENTIALS

  • “Martin is a solutions focused, action orientated adviser who has consistently challenged the status quo within my business. His wealth of knowledge & thought leadership has been invaluable as I have taken my business from start-up to one with turnover in excess of £10M”.”

    Print Friendly, PDF & Email

    Capital Seafoods Limited, Leslie Ironman – Co-founder -  December 5, 2018

  • The Menzies People Solutions team has supported us since 2016, following a change of ownership. Since then we have made many changes to improve efficiency and adapt to changing market conditions, new opportunities and technologies. The drive for change inevitably involves both planned an unforeseen events when it comes to our staff and Menzies has been an invaluable source of support throughout. In particular I would highlight the ease of access to experienced advisors who have got to know our business, the speed of response, the quality of the advice which is balanced and commercial, together with the documentation we have needed for our ongoing HR issues such as contracts, handbooks and the correspondence required when handling difficult staffing issues.
    Jon Upton – Finance Director

    Print Friendly, PDF & Email

    Jon Upton – Finance Director, Mollart Engineering Ltd July 5, 2018

  • Menzies FD and People Solutions teams delivered leadership development for us at Semmco. As part of this we found the full day’s workshop with Menzies engaging and useful for all the team, essentially resulting in an agreed and constructive action plan that will help deliver our 3-5 year business plan. Graham asked pointed questions and challenged us on our responses, prompting honest feedback and cementing future actions.

    From all of the Semmco leadership team, many thanks for your invaluable insight which has definitely set us on the right track for our business.
    Stuart McOnie – General Manager

    Print Friendly, PDF & Email

    Stuart McOnie, Semmco July 5, 2018

  • “Menzies have been an incredible partner for us as we’ve moved from the US into the UK. They’ve helped us navigate a new business climate, displaying exceptional local expertise, while also responding quickly and pragmatically to the growing requirements of a tech company. By plugging us into their network of contacts, our entry has been significantly easier than it would have been without them.”

    Print Friendly, PDF & Email

    Wiredscore UK Limited, Wiredscore UK Limited June 18, 2018

  • “We have been working with Menzies for a number of years on compliance and advisory matters. The team are approachable and proactive, offering constructive and helpful support, Menzies have over the years during the development of our business consistently met our needs. The team work well to ensure that we achieve our internal deadlines and communicate with us along the way. We would happily recommend Menzies to others.”
    David Moss, Head of Finance – Emmi (UK) Limited

    Print Friendly, PDF & Email

    Emmi (UK) Limited, Emmi (UK) Limited August 24, 2016

  • “Menzies provided, audit, tax and company secretarial services to SFW. Their work was always to a  very high standard and we found them easy to work with. When we sold the business Menzies provided significant help during due diligence and completion activities. They were highly responsive, particularly, when we had last minute requests for assistance and were thoroughly professional. I have no hesitation in recommending them.”
    Steve Elliott – SFW Ltd Director

    Print Friendly, PDF & Email

    SFW Ltd, SFW Ltd August 17, 2016

  • “We Menzies over the past year and we continue to be impressed with their knowledge, efficiency and the high calibre of support they provide. The Menzies team look after our year end accounts in a timely and efficient manner, and continue to provide proactive advice in many areas of our business, from keeping track of our product margins and fixed costs to providing us with beneficial forecasting advice. We are also liaising with other teams within Menzies, for example they are assisting us with crowdfunding options and have advised us on building a strong business plan.”

    Print Friendly, PDF & Email

    Luxury British Brand, A luxury British Brand August 17, 2016

  • “Throughout our many years of working with Menzies, we have always found them to be professional in all aspects of their work. The team currently deal with our UK trading company and the holding companies which includes acting as the group auditors for a large international group. Their historical knowledge of our company and operations is highly important to us especially as we have a fairly complicated group structure. The team are reliable, friendly and organised in their approach.

    We would have no hesitation in recommending Menzies to any other company.”

    Print Friendly, PDF & Email

    Crabtree & Evelyn, Crabtree & Evelyn August 17, 2016

  • “Menzies LLP have acted as our auditor and advisors for a number of years. The company has a holistic range of services to offer, from the compliance aspects of our business and consultancy services which are undertaken by specialist teams. The firm have recently undertaken a business valuation for a successful acquisition of an overseas subsidiary that our group acquired as it continues to grow and branches out into the overseas markets. We have found Menzies to be reliable, honest advisors and would not hesitate to recommend them.”

    Print Friendly, PDF & Email

    Contechs Holdings Limited, Contechs Holdings Limited August 17, 2016

  • “We have known Menzies for a very long time. The firm acts as our auditors and advisors for the company and our family’s own personal matters. The team fully understand our affairs and come up with pro-active solutions that are in our best interest and tax efficient for the business and family. We also utilise the services of Menzies Wealth Management so the teams work closely together to ensure our affairs dove tail in their advice. The team are trustworthy and reliable and we would not hesitate to recommend them for your personal or company affairs.”

    Print Friendly, PDF & Email

    Down Street Electrics Limited, Down Street Electrics Limited August 17, 2016

  • “We have been working with Menzies for a number of years on compliance and advisory matters. The team are approachable and proactive, offering constructive and helpful support, Menzies have over the years during the development of our business consistently met our needs. The team work well to ensure that we achieve our internal deadlines and communicate with us along the way. We would happily recommend Menzies to others.”
    David Moss, Head of Finance – Emmi (UK) Limited

    Print Friendly, PDF & Email

    Emmi (UK) Limited, Emmi (UK) Limited August 17, 2016

  • “We are a very long standing client of Menzies and they deal with all our financial requirements from day to day bookkeeping through to higher level advisory support.  They are always courteous, professional and considered – and relevant to our sector – providing us with solutions that are prompt and accurate and help us to run the business as efficiently as possible.  We would have no hesitation in recommending their services.”
    Takashi Kamimura – Mary Quant Limited

    Print Friendly, PDF & Email

    Mary Quant Limited, Mary Quant Limited August 17, 2016

  • “What really pleases me is that I’m now, for the first time, proud of my business, seeing it grow and spending less time at work! I’m learning how to have fun and relax again. My hard work is starting to pay off, thanks to Menzies”

    Print Friendly, PDF & Email

    FTI, FTI May 25, 2016