Media

The UK Government introduced the Audio-Visual Expenditure Credit (AVEC) in January 2024, replacing the previous Film Tax Relief and High-End Television Tax Relief.

This reform aims to modernize support for the creative industries and streamline how tax incentives are calculated and claimed.

Before claiming the UK’s Audio-Visual Expenditure Credit (AVEC), your film must be certified.

This certification is managed by the BFI Certification Unit, which assesses whether your production qualifies under UK cultural or co-production criteria. Our specialists can guide you through the cultural test.

Introduced in 2014 to support UK-based video game development, this relief allows eligible companies to claim a payable tax credit worth up to 20% of qualifying UK expenditure, provided the game passes the British cultural test.

We can help you work out if your game qualifies for this tax relief and help you make a claim.

Children’s TV and animation productions in the UK now benefit from the Audio-Visual Expenditure Credit (AVEC), offering a net relief of 29.25% on qualifying UK expenditure.

We can help you ascertain whether you qualify for this relief and help you make a claim.

Allowing you to make informed decisions for the future.

Completing year-end accounts and advising on the best systems & procedures.

Helping to reduce your liabilities and maximise your ability to extract profit.

Effective tax planning begins with sound strategies which comply with the boundaries of UK tax law.

Balancing the needs of your people with the priorities of your business is one of the toughest challenges.

Getting it right takes experience, insight, and a practical understanding of how organisations really work. That’s where the team at Reality HR make a difference.

From evaluating investment opportunities to optimising cash flow and funding expansion.

Corporate finance provides the structure and insight businesses need to thrive in a competitive landscape