Creative Industry Tax Reliefs
The government have set up tax relief schemes for certain industries to help them survive and grow.
We help our clients maximise these claims.
Some industries face very harsh competition and cash pressures. To make sure the UK is able to compete on the world stage the Government has tried to help the most needy of these sectors.
The most common ones are:
Audio-Visual Expenditure Credit (AVEC)
AVEC is the new system for film, high-end TV, animation and children’s TV. If your project passes the UK BFI cultural test, you can claim a payable credit on qualifying production spend. Unlike the old tax reliefs, this credit can generate cash even when a company is loss-making
Video Games Expenditure Credit (VGEC)
VGEC replaces the old Video Games Tax Relief and is open to UK developers whose games meet the cultural test. It allows studios to claim a credit on eligible design, development and production costs. This credit not only reduces the financial pressure of long development cycles but also helps smaller and independent studios keep projects moving when revenues are still months away.
R&D tax credits
The R&D scheme is more broad in that it can be applied to any industry, but more specifically you must be able to demonstrate that you are working on something innovative and how. The tax savings and refunds are worth taking a look.
Our team can help you will all of the above and some other schemes too.
How WallsMan Creative can help you with creative industry tax reliefs
Creative industry tax reliefs aren’t always straightforward. AVEC, VGEC or R&D tax credits all come with strict rules, cultural tests, and detailed reporting requirements. HMRC often challenges claims where the paperwork or cost breakdown isn’t clear.
That’s where we step in!
At WallsMan Creative, we specialise in accountancy for the UK’s creative sector.
We make sure you:
- Identify every project and cost that qualifies
- Pass cultural test requirements without unnecessary delays
- Prepare evidence and documentation HMRC actually expects
- Maximise your claims while staying fully compliant
The result is simple: you get the tax reliefs you’re entitled to, with less stress and more confidence.