CREC091000 - Commencement and transition: commencement
AVEC and VGEC can be claimed on expenditure incurred from 1 January 2024.
Initially, they are optional. Companies can continue to claim the former tax reliefs instead if they wish.
The former reliefs are:
Film Tax Relief
High-End Television Tax Relief
Animation Tax Relief
Children’s Television Tax Relief
Video Games Tax Relief
AVEC and VGEC become mandatory for new productions from 1 April 2025.
For productions which have begun before 1 April 2025 but not yet started principal photography (for film and TV) or entered the production phase (for video games) by that date, expenditure incurred from 1 April 2025 is only eligible for AVEC or VGEC.
The former tax reliefs will cease on 1 April 2027. Expenditure incurred from that date can only be relieved under AVEC or VGEC, for all productions.