Corporation Tax: additional tax credit for visual effects (VFX) expenditure
This tax information and impact note is about the additional amount of Audio-Visual Expenditure Credit available to film and television production companies in respect of visual effects expenditure.
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Linked documents
- Policy Paper Additional tax relief for visual effects (VFX)
▤ Verbatim text from source document
This measure allows film and high-end TV production companies to claim an enhanced 39% rate of Audio-Visual Expenditure Credit (AVEC) on their UK visual effects costs. UK visual effects costs will be exempt from AVEC’s 80% cap on qualifying expenditure. The additional credit will be available to claim from 1 April 2025, in respect of expenditure incurred on or after 1 January 2025.