HOW TO CLAIM THE UK FILM TAX CREDIT
If you’re a Short-Film or Indie-Feature 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. We can take you through the steps to help you claim.
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 will claim on your behalf but their fees are considerable.
In the one-to-one 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 two features, 2.0 Lucy released Spring 2022, 10 Swords & The Moon to be released Autumn 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: £75 for one-on-one help (online)
EMAIL: For further information