Policy paper

Corporation Tax: tax relief for independent film productions

This tax information and impact note is about the higher rate of relief for the audio-visual expenditure credit scheme for independent film productions.

• From: HM Revenue & Customs
• Published: 6 March 2024

Documents

Additional support for independent film

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Details

Films which meet the qualifying criteria for an independent film will be eligible for a higher rate of expenditure credit on their qualifying expenditure.

The basic rate of credit under Audio-Visual Expenditure Credit (AVEC) is 34% — independent films will receive a rate of 53%.

Published 6 March 2024