Creative Industries Tax Relief
We help creative businesses benefit from this valuable tax incentive
Contact our Specialists
We help to maximise vital tax relief for the creative industry
How we support you
The Creative Industries Tax Relief allows qualifying companies to claim a significant tax reduction on their profits. In certain cases, this is claimed as a payable tax credit.
At Leyton, we provide an end-to-end consultancy service, leveraging our proven experience to support companies in the Arts sector, from technical and financial discovery through to the final submission of your claim.
How can I benefit?
This tax relief works by increasing the amount of allowable expenditure. Where your company makes a loss, you may be able to surrender the loss and convert some or all of it into a payable tax credit.
You can claim creative industry tax relief if your business is liable to Corporation Tax and directly involved in the production and development of theatrical productions, or museum or gallery exhibitions.
How can I benefit?
This tax relief works by increasing the amount of allowable expenditure. Where your company makes a loss, you may be able to surrender the loss and convert some or all of it into a payable tax credit.
You can claim creative industry tax relief if your business is liable to Corporation Tax and directly involved in the production and development of theatrical productions, or museum or gallery exhibitions.
How much can I claim?
Tax relief is provided through an additional deduction when calculating the taxable profits or losses of the business. This will either reduce the taxable profits, or create or enhance a loss, a proportion of which can be submitted for a tax credit.
The additional deduction is the lower of: 80% of the total core expenditure incurred on producing the production or exhibition OR the EEA core expenditure
How much can I claim?
Tax relief is provided through an additional deduction when calculating the taxable profits or losses of the business. This will either reduce the taxable profits, or create or enhance a loss, a proportion of which can be submitted for a tax credit.
The additional deduction is the lower of: 80% of the total core expenditure incurred on producing the production or exhibition OR the EEA core expenditure
Our Experts
Simba Mareverwa
Partner – Innovation Incentives
Radeep Mathew
Head of Consulting
Our Experts
Simba Mareverwa
Partner – Innovation Incentives
Radeep Mathew
Head of Consulting
These additional funds provide a safety net that enables us to think more strategically. Leyton’s services were really good, helping to clarify what HMRC are looking for and asking all the right questions. The Leyton team were always on hand to help with everything through the claims process.
Rowan Heasley, Managing Director, Naked Penguin Boy
Museum Tax Relief
The relief is available to a primary or secondary qualifying museum or company that is responsible for producing and running an exhibition at a venue for a limited time, is responsible for deinstalling and closing the exhibition at the venue, is actively engaged in decision making direct negotiations, contracts and pays for rights, goods and services.
Museum Tax Relief
The relief is available to a primary or secondary qualifying museum or company that is responsible for producing and running an exhibition at a venue for a limited time, is responsible for deinstalling and closing the exhibition at the venue, is actively engaged in decision making direct negotiations, contracts and pays for rights, goods and services.
Theatre Tax Relief
Production companies are able to claim back a proportion of the core expenditure which has been used for the production of a ‘dramatic production’. In this case, a dramatic production is defined as the following: A production of a play, an opera, a musical or other dramatic piece (whether or not involving improvisation) in relation to which: the actors, singers, dancers or other performers give their performances wholly or mainly by the playing of a role for each performance the proposed run of performances is to be live, and the presentation of live performances is the main object, or one of the main objects, of the company’s activities in relation to the performance.
Theatre Tax Relief
Production companies are able to claim back a proportion of the core expenditure which has been used for the production of a ‘dramatic production’. In this case, a dramatic production is defined as the following: A production of a play, an opera, a musical or other dramatic piece (whether or not involving improvisation) in relation to which: the actors, singers, dancers or other performers give their performances wholly or mainly by the playing of a role for each performance the proposed run of performances is to be live, and the presentation of live performances is the main object, or one of the main objects, of the company’s activities in relation to the performance.
Other Leyton services which may interest you
Our highly experienced in-house teams constantly monitor market development and government funding opportunities to provide the most up-to date cost saving solutions. We offer support around a number of other government schemes including:
Other Leyton services which may interest you
Our highly experienced in-house teams constantly monitor market development and government funding opportunities to provide the most up-to date cost saving solutions. We offer support around a number of other government schemes including: