Creative Industries Corporation Tax Reliefs: Where to start?
13th March 2025
Those within the Creative Industries will likely be aware of the various corporation tax reliefs available. A frequent question amongst those in the industry is “do we qualify for the relief available?”.
HMRC have now released a new tool to check whether your Company qualifies for specific reliefs. This includes Theatre Tax Relief which specifically relates to Companies that are actively involved in the planning and decision making of theatre productions; negotiating contracts and are responsible for putting on the production ‘from start to finish’.
The new tool guides you through a series of questions to conclude whether your Company qualifies for the reliefs in question.
HMRC’s latest guidance (updated – 24.02.2025) also confirms that from April 2025, you must include CT600P supplementary page with your corporation tax return if you are claiming reliefs in the industry. The HMRC guidance can be found here: Creative industry tax reliefs for Corporation Tax
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If you require any assistance with ‘where to start’ when considering the reliefs available to your Company, please do get in touch.
Disclaimer - All information in this post was correct at time of writing.
