Charitable Companies – Creative Tax Reliefs

Working together with charities

Incorporated charities are usually exempt from Corporation Tax and will often have limited or even no contact with HMRC. If they do file Company Tax Returns, they will likely do this on an intermittent basis, every 2^nd, 3^rd or even 4^th year.

Dealing with HMRC can be off-putting for many charities unfamiliar with the processes. However, incorporated charities are eligible to claim creative tax credits if they produce qualifying theatrical productions, orchestral concerts or museum or gallery exhibitions.

Liaising with HMRC on your behalf and taking the charities own production accounts and end-of-year accounts prepared by the treasurer or independent examiner as a starting point, we prepare all the required computations. We then submit the claim with the Company Tax Return or an amendment to the Company Tax Return and deal with any follow up queries that HMRC may raise.

Once HMRC has settled the claim, payments of tax credits are made directly to the charity’s bank account, we will issue our invoice.

We also assist with pre-production to ensure that maximum benefit is gained as well as provide specialist advice in the event that HMRC have opened an enquiry.

For an informal discussion about how we can help your charity claim the tax credit it is due, contact Graham via email at: graham.suggett@creativetaxreliefs.com

Testimonials

I am so pleased and relieved that Graham got in touch with me about Theatre Tax Relief. I had mistakenly thought that we were not eligible but so far Graham has claimed nearly £100,000 in tax credit for us. This is not only an enormous benefit and can be ploughed back into the work that we do but it would have been extremely short-sighted of us not to be claiming the money that is due to us. Graham has made the whole process so simple and easy. I cannot recommend him highly enough

Our accountant struggled with VGTR so we engaged Graham and his company. Graham prepared all the necessary computations and submitted the claim on our behalf. This was paid by HMRC without question and in an amount in excess of what we had previously expected. We are delighted and cannot recommend Graham or his company highly enough

It was a pleasure working with Graham on our claim for Film Tax Credit for Stuffed. For independent creators working in Film and TV, the Tax Credit is a vital part of making your film a reality. Graham is an assured and calm voice in the often-intimidating world of tax. I’d highly recommend Graham to my colleagues working in Film and TV.

I was recommended Graham and Creative Tax Reliefs by a colleague and I cannot recommend their services more highly. Graham took me through what Theatre Tax relief was, how it worked and what was eligible, and was very patient with my questions and the need to be gently spoon fed the information! Creative Tax Reliefs also worked on our end of year accounts, and the Accountant Neil was also wonderful and clear at taking me through every step, as this was our first production and end of year accounts as a company. I look forward to working with Graham and his team again!

Graham explained very clearly what was needed and then delivered exactly as he said he would. Graham prepared the computations and submitted the claims on our behalf and we didn't have to deal with HMRC at all. This was the easiest piece of tax work that we have ever had to do

With no clear guidance on how to claim Theatre Tax Relief and after spending a considerable amount of time consulting with colleagues, accountants, reading huge, incomprehensible HMRC guidelines and generally worrying that the company was missing the TTR boat, I spoke to Graham. Everything was plain sailing for us after the initial consultation – with very little effort on our part, Graham made a successful submission and we have just received a substantial payment. I am delighted at the outcome and have no hesitation in recommending Graham and his company

It was a pleasure to work with Graham. He explained the process very clearly, prepared all the necessary computations and submitted the claims on our behalf. We are extremely delighted with the outcome and have no hesitation whatsoever in recommending Graham and his Company to others

I have been aware of Theatre Tax Relief for a few years now but the process of claiming the money was daunting. We didn't have the resources or the expertise to make the claim. Graham made the process of claiming Theatre Tax Relief very straight forward. He kept me informed of developments and answered all my questions. I provided him with information and he did the rest

Thanks so much Graham! You and Creative Tax Reliefs are the best.

For a small theatre company like us navigating Theatre Tax Relief was a daunting prospect. Having the support and expertise of Creative Tax Reliefs was absolutely brilliant. Graham explained everything and did a fantastic job sorting out the different projects we had been working on, calculated what we could claim and did all the leg work. The Tax Relief we received from HMRC helped us take our show to the Edinburgh Fringe, something we certainly couldn't have done without this extra funding. We would highly recommend Creative Tax Reliefs and will certainly be using them again in the future.

When I first heard from Graham I have to say I was more than a little sceptical. Why had no one mentioned this to us before? The information seemed so monumental – shouldn’t it have been on the news? Within a few emails and phone conversations, we had provided all the information necessary and had everything thoroughly explained to us. Within two weeks we had received the tax credit into our bank account! Creative Tax Reliefs are amazing!

When Graham first contacted us, we hadn’t heard of Theatre Tax Relief, which made us fairly wary. Graham took the time and care to explain it all to us and how the process would work. Initially, we were sceptical and worried about the time it would take for us to collate all the information needed for the claim. However, we needn’t have worried, Graham helped us every step of the way and made the process simple and quick. We would recommend working with Graham in an instant.

Worth every penny

I found Graham and Creative Tax Reliefs through a Google search as we had a client that was eligible for Theatre Tax Relief (TTR). I and a colleague had read through HMRC’s guidance a number of times and felt confident that we understood how it worked, however, we had no experience in claiming TTR. It seemed a no-brainer to work with Graham because Graham, as a former Creative Tax Reliefs specialist with HMRC, knew how to prepare and present claims to HMRC, would be certain of the calculations, knew where the boundaries were and would achieve maximum benefit for the client. We prepared the accounts and submitted the CT600 as per usual with input from Graham whilst he liaised directly with HMRC’s Creative Industries Unit in respect of the client’s TTR claim. The client received their tax credit without issue and in an amount greater than expected. Our client was delighted as were we and we look forward to working with Graham going forward.

Testimonials

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To find out more about Theatre Tax Relief or any of the other Creative Tax Reliefs simply get in touch using the contact form or details below.

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