Creative_ Industry_ Tax_ Reliefs_Anything's Possible_

We have one of the most experienced teams operating in the Creative Industries sector.

The UK tax film relief was introduced by the Government in April 2007 to provide much needed finance in the Film and Television industry. This has since been extended to high-end television, animations, children’s television, video games, theatre and orchestra. Collectively, these tax credits are known as Creative Industry Tax Reliefs (CITR). CITR allows companies to claim an additional tax deduction on allowable / core expenditure.

We believe that planning is the most essential part of any business, therefore, we recommend that you speak to us at the early stage of your production so that we can guide you through the complex legal, taxation and accounting aspects of film production and claiming all forms of CITR.

"Silver Levene’s film financing and accounting team have been excellent, from raising and structuring finance through to production accounting they have provided an exceptional service."

Carol Harding Vicarious Dreams Ltd

We believe that planning is the most essential part of any business, therefore, we recommend that you speak to us at the early stage of your production so that we can guide you through the complex legal, taxation and accounting aspects of film production and claiming all forms of CITR.

We provide a full range of specialist services including:

  • Structuring advice for filmmakers in co-productions and Schedule 1 British qualifying films
  • BFI applications for interim and final certification as well as the preparation of an accountant’s report for the cultural tests
  • Liaising with HMRC in respect of the CITR
  • Production of opinion letters for Producers Tax Credits and Gap Financing
  • Acting as production and post-production accountants on film/TV projects
  • Distribution and film royalty audits
  • R&D tax relief claims
  • Advice on tax efficient filming in the UK and overseas
  • Advice and dealing with withholding tax for film performers in the UK and overseas
  • Advising on sources of funding, including equity, mezzanine finance and SEIS / EIS
  • Production and verification of film finance promotional materials e.g. Information Memorandum and Prospectuses

We are privileged to work with some of the most experienced names in the industry both in front and behind the camera. We collaborate with finance companies focusing on raising finance to fund and support British films and work closely with the DCMS, BFI and HMRC.

We are happy to look at any project at any stage in its life.

For further information:

HMRC – https://www.gov.uk/guidance/corporation-tax-creative-industry-tax-reliefs#film-tax-relief-ftr

BFI – http://www.bfi.org.uk/supporting-uk-film/british-certification-tax-relief