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Jungle Tax Film and TV Accountant – Your Financial Partner in the Industry

The UK’s film and television industry thrives on creativity, but behind every successful production lies a complex financial framework. From securing funding to navigating tax relief, managing production accounts is a crucial aspect of filmmaking. That’s where Jungle Tax Film and TV Accountant comes in – the ultimate one-stop shop for all your financial and tax needs in the film and TV sector.

Why Choose Jungle Tax Film and TV Accountant?

Unlike traditional accountancy firms, Jungle Tax Film and TV Accountant specializes in the unique financial challenges of film and television production. Whether you’re an independent filmmaker, a production company, or a creative professional, we provide tailored financial solutions to help you maximize profits and minimize stress.

Our expertise extends beyond standard accounting. We handle everything from BFI certification to claiming tax credits from HMRC, ensuring you meet all financial and regulatory requirements seamlessly.

BFI Certification – Unlocking Tax Relief for Your Production

To qualify for the UK’s generous Film & TV Tax Relief Schemes, your project must secure British Film Institute (BFI) certification. This certification verifies that your film or high-end TV production meets British cultural and financial standards.

At Jungle Tax Film and TV Accountant, we simplify the certification process. Our team takes care of the paperwork, liaises with the BFI, and ensures compliance so you can focus on bringing your creative vision to life.

Maximizing Film & TV Tax Credits – Get Up to 25% Back

The Film & TV Tax Relief Scheme is one of the most valuable financial incentives available to UK filmmakers. Through this scheme, production companies can claim back up to 25% of their qualifying UK production costs from HMRC.

At Jungle Tax Film and TV Accountant, we help you:

✅ Identify all qualifying expenses
✅ Prepare and submit tax relief claims
✅ Ensure compliance with HMRC regulations
✅ Maximize the total amount you can claim

With our expertise, you can rest assured that your claims are optimized and processed efficiently.

Need more details? Check the official UK government guidance on claiming Audio-Visual Expenditure Credits for Corporation Tax.

Understanding HMRC’s Audio-Visual Expenditure Credit (AVEC)

If your company is claiming tax relief, you can apply for Audio-Visual Expenditure Credit (AVEC) for expenses incurred from 1 January 2024. Eligible productions include:

🎬 Films
📺 High-end TV programmes
🎭 Children’s TV programmes
🎨 Animated films and series

Key Deadlines: You have up to two years after the end of the accounting period to make, amend, or withdraw a claim. In some cases, HMRC may accept late claims.

Claiming AVEC: What You Need to Know

1. Obtain British Certification

Before claiming AVEC, your project must be certified as British by the British Film Institute (BFI). The BFI issues:

✔ An interim certificate – For productions still in progress
✔ A final certificate – Once production is completed

2. Understand Your Claimable Expenditure

The AVEC calculation is based on the lower of:

✅ 80% of total core costs
✅ The amount of UK core costs

3. AVEC Expenditure Credit Rates

🟢 39% – Children’s TV programmes, animated films, and animated TV productions
🔵 34% – All other films and TV productions

These credits are taxed at the main Corporation Tax rate before they can be paid out or used to reduce liabilities.

Important: Remaining credits can be surrendered to other group companies or received as a payout.

Eligibility Criteria for AVEC

For Films

Your film must:

✔ Be certified as British by the BFI
✔ Be intended for theatrical release
✔ Have at least 10% of core costs related to UK activities
✔ Qualify as animation if 51% of core costs are animation-related

For TV Programmes

You can claim AVEC for TV productions if they:

✔ Are certified as British by the BFI
✔ Are intended for broadcast or streaming
✔ Have at least 10% of core costs spent in the UK
✔ Fall under drama, comedy, documentary, animation, or children’s programming

🔹 Children’s TV: The primary audience must be under 15 years old
🔹 Animation: At least 51% of core costs must go to animation production
🔹 High-end TV (drama/comedy/documentary):

• Core costs must be at least £1 million per hour of slot length
• Episodes must run longer than 20 minutes

How to Claim AVEC

To submit an AVEC claim, you’ll need:

📌 A British cultural certificate from the BFI
📌 Statements detailing core costs (UK & non-UK)
📌 A breakdown of costs by category
📌 Details of connected party transactions
📌 From 1 April 2024, an additional information form with supporting evidence

All claims must be submitted via the Company Tax Return.

For further details, refer to HMRC Creative Industries Tax Relief Guidance.

Work With the Best – Contact Jungle Tax Film and TV Accountant Today

At Jungle Tax Film and TV Accountant, we help filmmakers and TV producers focus on their craft while we handle the numbers. Our team ensures you stay compliant, maximize tax benefits, and keep your production running smoothly.

🎬 Looking for expert accountants who truly understand film and TV?

📞 Get in touch today and let’s bring your project to life with financial peace of mind.