Background Note
10.The television production tax relief was introduced by Finance Act 2013 to encourage the production of culturally British television programmes. Part 15A provides the rules for claiming tax credits on qualifying expenditure for high-end television or animation productions. This tax relief allows qualifying companies engaged in the production of animation, high-end television, and now children’s television, (intended for release to the general public) to claim an additional deduction in computing their taxable profits. Where that additional deduction results in a loss, they may surrender that loss for a payable tax credit.
