皇冠体育app

This measure confirms that the audio-visual tax reliefs will be reformed to above-the-line expenditure credits, similar to the Research and Development Expenditure Credit.

皇冠体育app Audio-Visual Expenditure Credit will replace the:

• Film Tax Relief
• High-End TV Tax Relief
• Animation Tax Relief
• Children鈥檚 TV Tax Relief

皇冠体育app Video Games Expenditure Credit will replace the Video Games Tax Relief.

Film, high-end TV and video games will be eligible for a credit rate of 34%. Animated film and TV and children鈥檚 TV will be eligible for an uplifted rate of 39%.

皇冠体育app expenditure credits will be available to claim from 1 January 2024. New productions must claim under the new expenditure credits from 1 April 2025 and all productions must claim under the expenditure credits from 1 April 2027 when the current tax reliefs will end.