Corporation Tax Act 2009 section 1179DV

Percentage of qualifying expenditure translated into credit

Section 1179DV sets the credit rate percentages that apply when calculating the audiovisual expenditure credit at step 5 of the credit calculation in section 1179CA(1).

• Standard films and television programmes (not animations, children's programmes or certified low-budget films) receive a credit rate of 34%.
• Animations, children's television programmes and animated films qualify for a higher credit rate of 39%.
• Certified low-budget films benefit from the highest credit rate of 53%.
• If a production company has previously claimed the credit at the standard 34% rate for a film or programme, it cannot switch to the higher rate in any subsequent accounting period.