• April 2020

    MonTueWedThuFriSatSunTax week
    --1   2   3   4   5   52
    6   7   8   9   1011121
    131415161718192
    202122232425263
    27282930---4
    • 6th - Start of 2020-2021 tax year
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 13th - Easter Monday (E,W,NI)
    • 10th - Good Friday (E, W, NI, S)
  • May 2020

    MonTueWedThuFriSatSunTax week
    ----1   2   3   4
    4   5   6   7   8   9   105
    111213141516176
    181920212223247
    252627282930318
    • 8th - May Bank Holiday (E,W,NI,S)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 25th - Spring Bank Holiday (E,W,NI,S)
    • 31st - Employee P60s due
  • June 2020

    MonTueWedThuFriSatSunTax week
    1   2   3   4   5   6   7   9
    8   9   101112131410
    1516171819202111
    2223242526272812
    2930-----13
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • July 2020

    MonTueWedThuFriSatSunTax week
    --1   2   3   4   5   13
    6   7   8   9   10111214
    1314151617181915
    2021222324252616
    2728293031--17
    • 6th - Forms P11D, P11D(b) and P9D due
    • 6th - Form 42 Due
    • 12th - Battle of the Boyne - Bank Holiday (NI)
    • 19th - HMRC cheque payments due
    • 19th - Payment of 2019/20 Class 1A NIC due
    • 22nd - HMRC BACS payments due
    • 31st - Payment of 2019/20 Class 2 NIC due
  • August 2020

    MonTueWedThuFriSatSunTax week
    -----1   2   17
    3   4   5   6   7   8   9   18
    1011121314151619
    1718192021222320
    2425262728293021
    31------22
    • 3rd - Summer Bank Holiday (S)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Summer Bank Holiday (E,W,NI)
  • September 2020

    MonTueWedThuFriSatSunTax week
    -1   2   3   4   5   6   22
    7   8   9   1011121323
    1415161718192024
    2122232425262725
    282930----26
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • October 2020

    MonTueWedThuFriSatSunTax week
    ---1   2   3   4   26
    5   6   7   8   9   101127
    1213141516171828
    1920212223242529
    262728293031-30
    • 5th - Personal Income Tax Statement
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Paper Self Assessment Tax Return Deadline
  • November 2020

    MonTueWedThuFriSatSunTax week
    ------1   30
    2   3   4   5   6   7   8   31
    9   10111213141532
    1617181920212233
    2324252627282934
    30------35
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 30th - St. Andrew's Day (S)
  • December 2020

    MonTueWedThuFriSatSunTax week
    -1   2   3   4   5   6   35
    7   8   9   1011121336
    1415161718192037
    2122232425262738
    28293031---39
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 25th - Christmas Day
    • 26th - Boxing Day
  • January 2021

    MonTueWedThuFriSatSunTax week
    ----1   2   3   39
    4   5   6   7   8   9   1040
    1112131415161741
    1819202122232442
    2526272829303143
    • 1st - New Year's Day
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
    • 31st - Online Self Assessment Tax Return Due
  • February 2021

    MonTueWedThuFriSatSunTax week
    1   2   3   4   5   6   7   44
    8   9   101112131445
    1516171819202146
    2223242526272847
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
  • March 2021

    MonTueWedThuFriSatSunTax week
    1   2   3   4   5   6   7   48
    8   9   101112131449
    1516171819202150
    2223242526272851
    293031----52
    • 17th - St. Patrick's Day (NI)
    • 19th - HMRC cheque payments due
    • 22nd - HMRC BACS payments due
UK Tax Week

   21 Sep - 27 Sep

52

 

UK Creative Industries Tax Reliefs - High-End Television

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Summary

Having attended the British Film Institute launch of the UK high-end TV and animation tax relief at BAFTA in 2013, Laurence Sargent, Director of Sargent Disc welcomed the 2015 reduction to the minimum spend requirements 'The enhancement to the High-End Television and Animation tax relief is a positive development for the UK creative industries. The impact of tax relief for these sectors has been substantial - with levels of high-end television and animation production increasing and providing growth opportunities across the production value chain' 

Tagged: Payroll, Production Accounting, SD Online, Accounting

New UK creative industries tax reliefs

High-End Television and Animation

 

Following the success of the UK Film tax relief system introduced in 2007, the UK Government launched similar incentives for high-end TV (HETV) and animation in 2013. These benefits were enhanced in April 2015 to include:

  • a reduction in the level of minimum UK expenditure from 25% to 10%
  • the modernisation of the cultural test for High-end Television Tax Relief

Prior to the availability of the HETV tax credit, some high-budget TV productions chose to film abroad to lower production costs. Since then 152 domestic, inward investment and co-productions accessed the HETV tax credit and generated a production spend of £1.15 billion (July 2013 - June 2015) [1] . A recent report shows that every £1 given by the UK government in HETV tax relief returns £8.31p to the UK economy.[2] 

 

The Requirements

The following rules apply in order to access UK high-end television tax relief:

  • The production must qualify as British (see more below)
  • The programme must be intended for broadcast (this includes the internet)
  • The programme is a drama, comedy or documentary
  • At least 10% of the core expenditure must take place in the UK
  • The average qualifying production costs per hour of production length is not less than £1million per hour (Pro rata)
  • The programme slot length must be greater than 30 minutes.
  • The television production company (TPC) responsible for the programme must be within the UK corporation tax net.

 

British Qualification

To qualify as British the production must either pass the High-End Television Cultural Test or be an official UK co-production. The UK has treaties with Australia, Canada, France, Israel, New Zealand, or the occupied Palestinian Territories. 

Section

Cultural Test

Points

A

Cultural Content

A1

High-end TV production set in the UK or EEA

up to 4

A2

Three lead characters are British or EEA citizens or residents

Up to 4

A3

The programme is based on British or EEA subject matter or underlying material

4

A4

Original dialogue recorded mainly in English language

Up to 6

B

Creativity, Heritage and Diversity

B

The production represents British creativity, British heritage and diversity.

up to 4

C

Where Work is Carried Out

C1

a) & b) At least 50% of the principal photography, SFX or VFX takes place in the UK

c) 80% of either principle photography, SFX or VFX takes place in the UK

 

2

 

2

C2

At least 50% of the music recording or audio post-production or picture post-production takes place in the UK

1

D

Personnel Involved in the Making of the Production

D1

1 of the 3 lead directors is an EEA citizen or resident

1

D2

1 of the 3 lead scriptwriters is an EEA citizen or resident

1

D3

1 of the 3 lead producers is an EEA citizen or resident

1

D4

1 of the 3 lead composers is an EEA citizen or resident

1

D5

1 of the 3 lead actors (or participants in the case of a documentary)is an EEA citizen or resident

1

D6

At least 50% of the cast are EEA or residents

1

D7

At least 1 of the 7 key HoDs is an EEA citizen or resident

1

D8

At least 50% of the crew are EEA citizens or residents

1

All sections

Pass Mark 18/35

Total Points 35

 

This test is very similar to its Film Tax Relief equivalent.

18 points out of a possible 35 must be gained in order to pass the test.

 

Value of the relief

The tax relief is paid to the TPC and is calculated as a percentage of qualifying UK expenditure.

  • Rate of relief is set at 25% (up to a maximum of 80% of the company's qualifying core expenditure on programme production).
  • The same applies to Animation (productions with content that have at least 51% core expenditure on animation).

 

How can Sargent-Disc help?

Sargent-Disc can provide a range of services to a production, from pre-production through to post. For information about our services, please contact us at Sargent-Disc. Let us help you with your production and employment enquiries about working in the UK, and take the drama out of your production. Our services include:

Budgeting
Production software training
Production and post production accounting
Payroll services
Production card

 

Advisors

There are a number of specialist accountancy and audit firms in the UK that advise clients when structuring British qualifying films. Here are just a few:


Grant Thornton UK LLP
Christine Corner, Partner
Tel: +44 (0)20 7728 3171
Email: christine.corner@uk.gt.com

Saffery Champness
John Graydon, Partner
Tel: +44 (0)20 7841 4281
Email: john.graydon@saffery.com

Shipleys LLP
Steve Joberns, Principal
Tel: +44 (0)20 7312 6558
Email: jobernss@shipleys.com

 

Please Note: This article is for information purposes only.

 

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