This web page, which is full of links and useful information, explains who can claim the reliefs, and how and when to claim. If you are creative, pay UK tax and either run at a loss or are a big spender, it might be worth taking a careful look ...
These reliefs work by increasing the amount of allowable expenditure. Where your company makes a loss, you may be able to 'surrender' the loss and convert some or all of it into a payable tax credit.
Tuesday, 8 July 2014
Creative industry tax reliefs: have you checked out the HMRC website?
In the UK, Her Majesty's Revenue and Customs has recently revised its web page on Creative Industry Tax Reliefs. According to the rubric: