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D7.1238 Television tax relief—overview

The following rules apply to accounting periods ending before 1 January 2024. From 1 January 2024 tax relief for films and TV productions is given through the audio-visual expenditure credit (AVEC), see D7.1202. The transition to the revised tax relief rules post 1 January 2024 is voluntary but will be obligatory for new productions from 1 April 2025 and for all productions from 1 April 2027, at which point the previous tax reliefs will cease. Where a company elects into the AVEC and the accounting period straddles 1 January 2024, expenditure is apportioned.

Television tax relief takes two forms; an additional corporation tax deduction or a television tax credit¹. The additional deduction is 100% of qualifying core expenditure and the payable tax credit is 25% of losses surrendered.

A television programme qualifies for relief if it:

1. Ìý

   •ÌýÌýÌýÌý meets the condition in respect of UK expenditure

2. Ìý

   •ÌýÌýÌýÌý is intended for broadcast, and

3. Ìý

   •ÌýÌýÌýÌý is certified as a British programme

See D7.1239 for further details about