CREC081300 - Claims: additional information form: section 5 - specific production details
Sections 4-6 will unlock depending on which reliefs or credits were chosen in section 3.
Section 5 is required for claims to the Audio-Visual Expenditure Credit (AVEC) or the Video Games Expenditure Credit (VGEC). If the company is making a claim for any of the other audio-visual tax reliefs, or any of the cultural tax reliefs, then they may also need to complete sections 4 or 6.
AVEC and VGEC projects – information about specific productions
- Production name
This should be the current name of the film, programme, or
video game. Where this name is different than the one on the supplied British
cultural certificate, this must be indicated and an explanation given e.g. the
original title was just a working title; an official title was changed on X
date. If the production is known by different names in different territories,
it would be useful to add that here. The explanation does not need to go into
specific commercial reasons, but needs to be thorough enough that HMRC is
satisfied that the certificate matches the production being claimed for.
- British cultural certificate
A digital version of the certificate, as obtained from the BFI (British Film Institute), must be uploaded as an attachment. The reference number from this certificate also needs to be manually entered. A certificate must be included for each production claiming, for each period. Even if a company is using the exact same certificate that was submitted to HMRC previously, the certificate must be uploaded again every time it is to be used in a claim.
All certificates must be in date at the time the claim is submitted. If the production status is complete, then a final certificate must be provided.
- Start date of pre-production
This is the date on which the film or programme began
pre-production, or the video game began active development. This should be the
date at which point the production has been given the green light to go ahead.
It does not include any early period where speculative work is being undertaken
and a decision is still to be made as to whether or not the production will go
ahead. Please see CREC010400 and CREC010500 for more information about the
phases of production.
- Production status
This is the status of the production at the end date of the accounting period covered by the form, and should not reference any progress made after this date. There are three options:
- ongoing (where the production is still in development but is not yet
complete)
- complete
- abandoned
If the production has been abandoned, the form will ask for the date of abandonment.
- Details of connected party transactions
Expenditure incurred on connected party transactions will only qualify for credit if the transactions are disclosed to HMRC. The only way to disclose such transactions is by completing this step of the additional information form, for the accounting period in which that expenditure has been brought into account.
The applicant must set out the number of different connected persons with whom the company has made transactions during the period, and the total value of all the connected party transactions in the period. They must then attach a document that lists out the following information for each transaction:
- Name of connected party
- Date of transaction
- Amount of expenditure
- Description of goods/services provided
In some cases, it will be acceptable to bundle multiple transactions of the same type, such as secondment of multiple employees paid at the same rate. A company should only bundle transactions together if it is reasonable to do so. HMRC may ask for a more detailed breakdown of transactions if needed, so companies should still make sure to keep a good record of all transactions with connected parties.
Payments to connected parties must be made in accordance with the arm’s length principle. Please read our guidance on the connected party transaction rules (CREC052000) for more information.