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Generous tax saving for companies within the creative sector

Generous tax saving for companies within the creative sector

Companies operating in the creative sector may qualify for a new generous tax incentive From 1 April 2013.

The HMRC approved relief gives them additional tax relief for up to 80% of their core expenditure, resulting in a considerable corporation tax saving. If the business is loss making, then a tax refund of 25% of the loss can be claimed.

The creative sector includes the production of TV programmes, animation production and the development of video games.

To find out more contact Lesley Sutton on 01484 550037 or taxchat@revellward.co.uk

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