How to claim the uk film tax credit if you're a short film or indie filmmaker

If you’ve made a British film, you can claim a cash rebate of 25% on 80% of all qualifying expenditure.  

Claiming the rebate can feel daunting so this workshop will carefully take you through the steps.

How low is low budget?  There are costs involved.  You must produce your film through a limited company which may mean hiring an accountant.  You will also need a solicitor to witness your application.  These costs can be up to £400 (£300 for the accountant, £100 for the solicitor’s letter).  This means it may not be worth applying for films under £5,000 (for which the rebate would be £1,000).

On larger budgets, specialist accountants can claim on your behalf but their fees are considerable.

Learn how to do it yourself.  During the workshop you’ll:
 
-be shown how to apply to the BFI for a British Film Certificate;

-be taught the correct way to present your accounts;

-learn how to work with HMRC’s Creative Industries Department to secure the cash rebate.

ABOUT THE TUTOR

Fenella Greenfield has directed two narrative shorts and one feature, 2.0 Lucy released Spring 2022.  She’s in pre-production on her second feature, Moon Song, shooting January 2023.

2.0 Lucy’s budget was too small to justify specialist accountants’ fees, so Fenella successfully claimed the tax credit without help.

HMRC have used her experience in a piece of research designed to make more accessible the processes involved for indie filmmakers wishing to claim.

Fenella is one of the founder members of Euroscript and runs its annual Screen Story competition.  More on her website here.

 

PRICE:  £45 (£40 Partners and Concessions) 

DATE:  Monday 21st November 2022

TIME:  6.30pm to 9pm

ONLINE COURSE

 

About this listing

This training course is not funded or commissioned by ScreenSkills, but has been reviewed to ensure it is meeting agreed standards such as industry-led diversity targets, appropriate business insurance, and evidence of previous quality training provision.