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Q&A: how to secure film tax relief

In this week’s Q&A, David Lawson, tax adviser at Croneri VIP Tax Team, explains the process for claiming film tax credits for upcoming productions filmed in both UK and overseas locations

Two separate UK production company clients are going to begin producing films for cinema release in the accounting period beginning on or after 1 April 2025. Will they be eligible for a tax credit from HMRC?

Based on estimated forecasts, Co A will have £17m of costs which will be mainly in the UK.

Co B will have expenditure of 20m, but the film will be shot in multiple locations around the world with estimated cost of 6% to 7% in the UK.

A production company can claim a tax credit if it is producing a qualifying film. The relief is governed by Part 14A Corporation Tax Act 2009 (CTA).

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