The Finance Act 2013 (Now incorporated into CTA 2009 Part 15A) introduced a new relief for the animation industry, Animation Tax Relief.
Companies are entitled to claim Animation Tax Relief on an animation programme if the programme passes the cultural test administered by the BFI.
Animation will include various techniques which include, but are not limited to:
These techniques may be used in conjunction with non-animation cinematographic techniques. If this is the case, the programme will be treated as an animation if 51% of the total core expenditure on the completed programme is spent on animation.
It is a common view that claiming Animation Tax relief is all about passing the cultural test. There is a lot more to it than that......
For tax purposes only, the legislation:
The new rules apply to all relevant programmes that are developed by a Television Production Company
Your company will be entitled to claim ATR on an animation programme if:
Animations commissioned together are treated as one programme.
Your company can’t claim ATR if the programme:
The MMP technology consultants are all highly qualified engineers and scientists so they share an understanding and passion for technology. This ensures we can get the best from your team, helping you right through the process, saving you valuable time in making a full and accurate claimContact Us