Tax and Accounting

Learn techniques that make your business efficient and profitable

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What is the Construction Industry Scheme, how does it work and who does it effect?

Tax Deadlines in 2019

There are five main types of tax that are relevant to firms: income tax, corporation tax, National Insurance (NI), Value Added Tax (VAT) and Capital G...

guide

Business Finance Terminology - Glossary

When dealing with your accountant or bank the language used can sometimes sound unfamiliar, even to the most experienced business person. The followi...

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Tax relief and incentives for businesses

As part of the overall funding landscape, there are plenty of government schemes and incentives available to businesses.

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Tax

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Introduction to Tax Self-Assessment

This guide describes the tax self-assessment process, who it applies to, and how to register for self-assessment. It also briefly explains the process...

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Choosing and Using an Accountant

This guide explains the services offered by accountants, what to look for when choosing an accountant and how to find and appoint one. It provides inf...

Corporation tax reliefs for the creative industry

Nov 9, 2017, 10:53 AM

Creative industry tax reliefs are a group of 7 Corporation Tax reliefs that allow qualifying companies to claim a larger deduction, or in some circumstances claim a payable tax credit when calculating their taxable profits.

Url title : Creative-Industry-Tax-Reliefs

Url : https://www.gov.uk/guidance/corporation-tax-creative-industry-tax-reliefs

Creative industry tax reliefs are a group of 8 Corporation Tax reliefs that allow qualifying companies to claim a larger deduction, or in some circumstances claim a payable tax credit when calculating their taxable profits.

These reliefs work by increasing the amount of allowable expenditure. Where your company makes a loss, you may be able to surrender the loss and convert some or all of it into a payable tax credit.

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