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You are in: Home » Film Services

Film Services

At BS Tax Solutions Ltd we pride ourselves in providing a complete personalised service to film production companies and producers. We specialise in structuring films to qualify for the tax benefits associated with film-making in the UK.

We normally start by forming special purpose vehicles in which the film would be made, to preparing and applying to UKFC for interim and final certification, and finally preparing year end accounts to facilitate the film production companies to claim film tax credits. This together with continuous ongoing production consultancy enables us to provide an unrivalled and superior service.

We offer the following services:

UKFC Applications

Are you lost with the number of pages and paperwork! We can help. We can assist you in completing UKFC Forms, both for a Culturally British Film and Co-productions.

Please note that you need to make a provisional application to UKFC 4 weeks prior to the principal photography of the film.

www.ukfilmcouncil.org.uk/filming

For UKFC guidance notes and applications please click here.

Film tax credits

Film tax credits came into existence for films which started principal photography after 1 January 2007. It replaced the older sale & leaseback schemes.

There are 3 main prerequisites that enable a film production company to claim film tax credits.

1. A film must be intended for theatrical release;
2. At least 25% of the production expenditure relate to UK activities;
3. A film qualifies as a British Film. To qualify as British Films, it must meet the 'cultural test' or qualify by virtue of an internationally agreed co-production treaty. Qualification is administered by UK Film Council (UKFC) on behalf of the Department for Culture Media and Sport.

We can assist in preparing and submitting accounts to HMRC to claim tax credits, including preparing tax credit computations.

www.hmrc.gov.uk/manuals/fpcmanual/index.htm

Production Services

We offer the following additional production services.

1. Foreign entertainers tax
2. Ongoing production consultancy to ensure film meets conditions as stated in the provisional approval issued by UKFC
3. Advice on film agreements, such as co-production agreements, finance agreements and inter-party agreements
4. Preparing film cashflows
5. Post production accounting, taking over from production accountants once the film moves into the post production stage.
6. Completion of year end tax returns for actors, producers, directors and other heads of department
7. Opinion letters and letters of comfort to financiers and completion bonders

We offer all the above services at competitive prices.

Next Step:

Please contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.

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