Audio-visual tax reliefs consultation

The creative industries are a thriving and highly valuable part of the UK economy. A record £5.6bn was spent on film and television production in the UK during 2021 according to the British Film Institute (BFI). Similarly the UK video games sector is experiencing record levels of investment and employment. Research by TIGA (a trade association representing the UK video games industry) estimates the game development sector’s annual contribution to UK GDP is almost £3bn.

The tax reliefs available to businesses in the creative sector make a key contribution to this success story. There are currently a total of eight creative sector tax reliefs supporting various UK industries. Audio-visual tax reliefs which cover film production television production (with separate categories for animation children’s television and other ‘high-end’ TV programmes) and video games production enable up to 20% of qualifying production costs to be...