Knowledge

We help make your business a success

Tax relief for films (FTR)

If you’re self-employed and working in the film industry, you might be entitled to pay less Corporation Tax via Film Tax Relief (FTR).


In the March Budget of 2015, then-chancellor George Osborne looked to attract more blockbuster productions to the UK by announcing an increase in the rate of Film Tax Relief to 25% for all qualifying productions.


Who qualifies for Film Tax Relief?


Regardless of budget, your company will be entitled to claim Film Tax Relief on a project if:





    • It passes the British Film Institute’s cultural test and is considered British

    • It’s intended for theatrical release

    • At least 10% of the total production costs relate to activities in the UK

    • The first day of principal photography took place on or after 1 January 2007




The advice in this blog is for guidance purposes only. Due to the complex nature of the criteria, it is highly recommended that you speak to your accountant before assuming your project qualifies.

Our invoice templates are professional and sharp. Use them to directly invoice your clients and get paid fast.

From understanding expenses to starting a limited company, our downloadable business guides can help you.

If a client hasn't paid an invoice, download our late payment reminder templates and get that invoice paid fast.

Philip Hammond has just finished delivering his Autumn Budget. Here are the main announcements that affect the UK’s self-employed and small businesses.

If you're a director of a limited company, you can claim up to £150 as a business expense for a Christmas party. There are some strict rules, though.

Join our free live webinar to find out how the UK's self-employed and small business owners are affected by the Autumn Budget. Includes Q&A session.

The best accounting advice

Our accredited team are on hand to help you choose the best package

We understand that it can be difficult deciding whether or not to switch accountants, but at Crunch we’ll offer you fair, unbiased advice on what’s best for you.