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D7.1215 Film tax relief—overview

The following rules apply to accounting periods ending before 1 January 2024. From 1 January 2024 tax relief for films and TV productions is given through the audio-visual expenditure credit (AVEC), see D7.1202. The transition to the revised tax relief rules post 1 January 2024 is voluntary but will be obligatory for new productions from 1 April 2025 and for all productions from 1 April 2027, at which point the previous tax reliefs will cease. Where a company elects into the AVEC and the accounting period straddles 1 January 2024, expenditure is apportioned.

Film tax relief (which had state aid approval under EU rules until April 2025¹) takes two forms, an additional allowable deduction and a film tax credit². It is available to film production companies on expenditure incurred on a qualifying film that begins principal photography on or after 1 January 2007³. There is therefore no relief under these rules for individuals and partnerships. Also effectively excluded are investors whose only contributions to the film are