Why UK screen production needs a specialist approach beyond generalist accounting.
Standard corporate frameworks struggle with the volatile cash flows, complex tax relief mechanisms, and multi-entity structures of UK screen production, leaving productions vulnerable to liquidity crises and compliance failures.
Film & TV
Our dedicated media and entertainment accounting team has deep experience supporting production companies, directors, producers, and freelancers throughout the UK creative sector.
AVEC Audio Visual Expenditure Credit and how UK filmmakers claim production costs.
The transition from tax relief to taxable expenditure credits introduces new thresholds, certification requirements and cash-flow implications for producers.
How is royalty income taxed for creatives?
Royalties are taxable as trading or miscellaneous income and must be declared on Self Assessment. Overseas royalties may benefit from double tax treaty relief, and related expenses can be offset.
Can a creative professional claim their home studio as a business expense?
Yes — a proportion of home costs can be claimed if a room is used regularly for work. HMRC’s flat rate (£10–£26/month) is simpler, but exclusive use may affect CGT on a future home sale.
What are the tax considerations for creative professionals in the UK?
Creatives must register for Self Assessment and can claim expenses on equipment, software, and studio costs. IR35 may apply for company contractors, and VAT registration is required above £90,000.
R&D Tax Credits
If you incur costs in developing products, processes or services we can help you receive a corporation tax deduction or cash payment from HMRC.
CIS
By speaking with one of our accountants, you can achieve more than just reducing the deductions the main contractors make.
Bookkeeping
Accounting and bookkeeping are important, but they don’t have to be a hassle.
Self Employment
Providing the latest updates to sole traders and adjusting services as necessary, Durrani & Co can assist your business in succeeding.
Self Assessment
We offer a full personal tax compliance service where we can assist you in preparing and submitting your self-assessment tax return on time.
Capital Gains
Our professional tax accountants can advise you if you’re eligible for tax relief on the property if it is a business asset.
