CREATIVE INDUSTRIES

Creative industries are a huge trade in the UK delivering about £27bn in revenue. The government incentivised entities operating in creative industries by introducing various tax reliefs to help businesses to expand their operations. A growth strategy developed by UK industry, in partnership with Government, aims to increase creative services exports to £31bn by 2020. Creative industries are worth now £81bn to the UK economy. Among film and TV sectors the government intensified video games, theatre and orchestra sectors by introducing tax relief allowing qualifying companies to surrender a loss in return for payable tax credit at the rate of £25%.

Having gained extensive experience in film and TV sector we are now able to provide similar service, especially tax credit work, to other creative industries.

FILM & TV

Film, TV and Animation production and distribution companies:

 

  • Preparation of statutory accounts and provision of statutory audit
  • Helping to maximise film and TV tax relief available to qualifying entities
  • British Film Institute Certification
  • Accountants and Auditors’ reports and letters of comfort to financiers (Opinion letters)
  • Assisting with monitoring compliance with HMRC, BFI and financiers
  • Media audits to certify that companies are eligible to receive grants
  • Assisting companies with HMRC sponsored incentives such as Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS)
  • Corporation tax including film and TV tax credits

For more information about how we help people within the creative industries, please contact Agi Ambrosewicz.