Preparation and submission

If you would like us to prepare and submit your claim then we will issue you with a Letter of Engagement.  This is a short 2-page document that sets out the terms under which we operate.  

Once engaged we will:

– Talk with you and develop an understanding of your business;

– Support you with your BFI application if applicable;

– Review the qualifying productions and determine the qualifying deemed trades;

– Identify and allocate the income generated and expenses incurred;

– Determine how this expenditure should be apportioned across the phases of production;

– Discuss and agree appropriate methods of apportionment;

– Prepare computations and determine the amount of Tax Credit to be claimed;

– File the Company Tax Return, or amendment to the Company Tax Return, with HMRC;

– Liaise with HMRC and deal with any enquiries they might have;

– Achieve successful completion of your claim with HMRC paying you directly.

Once your company’s claim has been accepted and your company has either paid less Corporation Tax, received a Corporation Tax Refund or received your Tax Credit payment, then and only then, will we issue the invoice for our fee.

For this we charge a flat rate of 15% of the benefit gained.

Advisory

You may be a company considering a project and need advice on:

– As to whether the project will qualify; – How best to structure a project to ensure that it meets the qualifying conditions; – Applying for the BFI’s Cultural Certificate.

Or, you may be a charitable company and need advice on:

– How these reliefs impact on charitable companies commonly exempt from Corporation Tax; – How to interact with HMRC.

Or, you may be an accountant unfamiliar with the legislation who simply needs support to make a claim on behalf of their client or respond to an HMRC enquiry.

Contact us for a no obligation discussion and if we can help we will.