Creative Industry Tax Reliefs
Creative Industry Tax Reliefs (CITR) allow qualifying companies to claim an enhanced deduction for certain production costs – or in many cases, a payable tax credit from HMRC – when calculating their taxable profits.
In a fusion of our expertise in both tax and the full spectrum of the entertainment industry, Nyman Libson Paul guides and advises producers in taking advantage of these tax reliefs to secure additional funding and maximise income from creative productions.
Our specialist CITR team, headed by Jaivin Vora, has extensive industry-leading experience handling CITR claims across all sectors. Jaivin was responsible for the very first successful claims submitted in the UK for Animation Tax Relief (ATR), Theatre Tax Relief (TTR) and Orchestra Tax Relief (OTR). We are equally happy to work independently or alongside clients’ existing advisors.
CITR supports projects and productions across the British creative industries, with a view to promoting culturally relevant productions in the UK, and incentivising investment in UK productions that would otherwise take place overseas. All productions, other than theatre, orchestra or museums, must be certified by the Department for Culture, Media & Sport (DCMS) as culturally British in order to be eligible for relief.
The initial focus was on film, with the introduction of the Film Tax Relief (FTR) in 2007, but the initiative has since expanded to include Animation Tax Relief (ATR), High-End Television Tax Relief (HTR), Video Games Tax Relief (GTR), Theatre Tax Relief (TTR), Children’s Television Tax Relief (CTTR), Orchestra Tax Relief (OTR) and Museum and Gallery Exhibition Tax Relief (MGETR).