London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Consultation – tax reliefs for the animation, high-end television and video games industries

The Government plans to introduce the above reliefs from April 2013.  A consultation document on the proposed new tax reliefs has been published for comment.

The proposal is to introduce targeted tax reliefs based on the existing film tax relief model.  Slightly different rules are proposed for each of the three creative sectors and amounts of relief will depend on the level of ‘core expenditure’ but the relief is likely to be an additional deduction from profits and the ability to surrender losses for a payable tax credit.

The definition of ‘core expenditure’ will be finalised after the consultation.  However, the Government expects that the types of expenditure allowable will be broadly similar to a definition of core expenditure for film tax relief, i.e. expenditure directly incurred in the production excluding the costs of financing, advertising, etc.  The qualifying core expenditure is proposed to include all production costs that are integral to the production process itself, including relevant pre- and post- production costs.



Date: 27th July, 2012
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Our Corporate Finance Team has been shortlisted for Corporate Finance Advisory Firm of the Year at the Insider Cent……

Jolene Upshall considers helping loved ones get onto the property ladder in…



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn