What companies can qualify for Creative Industry Tax Relief? Your company qualifies for and can claim CITR if it is: • liable to Corporation Tax • directly involved in the production and development of certain films, high-end television programmes, animation programmes or video games Companies that produce films and television production companies producing relevant animation and high-end television programmes are subject to special tax rules. These rules apply to all: • film production companies producing films (whether or not the films are intended for cinema release) • television production companies producing relevant animation or high-end television programmes Companies can choose to opt out of these rules. However, they will not then be eligible for CITR. Qualifying conditions also apply to the reliefs and you can read more about these below.
Posted on: Fri, 24 Oct 2014 09:23:40 +0000
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