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If your company is working on a creative project which involves animation, you may be entitled to pay less Corporation Tax.
Your company may be entitled to claim Animation Tax Relief on a programme if:
Animations commissioned together are treated as a single programme. There is no cap on the amount that can be claimed.
Sadly, your company can’t claim ATR if the programme:
This advice in this blog is for guidance purposes only. Due to the complex nature of the criteria for Animation Tax Relief, it is highly recommended that you speak to your accountant before assuming your project qualifies.
We’re fast approaching the end of the tax year on 5th April, and now is usually a good time to get to grips with any tax changes, so you can maximise your tax efficiency for the outgoing tax year and get your business prepared for the new tax year. You’ll also want to stay up-to-date with the rates and thresholds.
Business mileage is an important – but often overlooked – expense for freelancers and contractors. In short, this is good news for you and your company.