Want to know more?
Creative Industries Tax Relief

Creative Industries Tax Relief

Creative Industries Tax Relief (CITR) aims to assist technical innovation and company growth.

Creative Industries Tax Relief

Creative Industries Tax Relief (CITR) aims to assist technical innovation and company growth in order to maintain the UK’s position as a leader in the creative industry.

They are a group of eight Corporation Tax reliefs that allow qualifying companies to increase their amount of allowable expenditure. This can reduce the amount of Corporation Tax the company needs to pay.

For the year ended 31 March 2021, the three highest contributors in terms of creative industry tax reliefs paid out were: film tax relief (£611 million), high end television (£380 million) and video games tax relief (£180 million).

A man is seated wearing a virtual reality headset, symbolizing engagement with Creative Industries Tax Relief (CITR). The image suggests immersion in innovative digital experiences or creative projects eligible for CITR, showcasing the intersection of technology and creativity within the tax relief framework.

What can be claimed back?

R&D Tax Credits are calculated based on enhancing expenditure for research and development work, as the UK Government aims to reward innovation for SMEs and large companies.

Your company can claim creative industry tax relief if it’s liable to Corporation Tax and directly involved in the production and development of:

  • video games
  • theatrical productions
  • orchestral concerts
  • museum or gallery exhibitions
  • films
  • high-end television
  • children’s television
  • animation television
A production team is shown with a camera, and someone holds up a clapperboard, symbolizing Creative Industries Tax Relief (CITR). The image captures the essence of creative production and filmmaking activities eligible for CITR, highlighting the support provided to the creative industry through tax relief initiatives.