HMRC has published new guidance on the evidence companies need to provide in support of claims for the various creative industry tax reliefs.
Alongside making a claim in the company tax return, supporting evidence must be provided to HMRC – either together with the return or by completing an online form (accessed from the link at the foot of the guidance page).
Basic evidence for all claims includes the name of the production, a document setting out the tax calculations, a breakdown of total core expenditure (i.e. costs relating directly to the production) and other costs, and the company’s qualifying expenditure. The guidance also sets out the specific additional requirements for claims for the separate reliefs (e.g. for theatrical productions the date of the opening performance is required).
The guidance also notes that HMRC will provide a template to help companies provide suitable evidence for whichever relief they are claiming.
HMRC has published new guidance on the evidence companies need to provide in support of claims for the various creative industry tax reliefs.
Alongside making a claim in the company tax return, supporting evidence must be provided to HMRC – either together with the return or by completing an online form (accessed from the link at the foot of the guidance page).
Basic evidence for all claims includes the name of the production, a document setting out the tax calculations, a breakdown of total core expenditure (i.e. costs relating directly to the production) and other costs, and the company’s qualifying expenditure. The guidance also sets out the specific additional requirements for claims for the separate reliefs (e.g. for theatrical productions the date of the opening performance is required).
The guidance also notes that HMRC will provide a template to help companies provide suitable evidence for whichever relief they are claiming.
