Audio-Visual Tax Reliefs Consultation
ICAEW welcomes the opportunity to comment on the audio-visual tax reliefs report published by the government in November 2022.
Industry press
The ICAEW Library & Information Service provides a hand-picked collection of industry press articles as a benefit of ICAEW membership. If you are unable to access an article, please see our Online resources troubleshooting or contact library@icaew.com.
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Gaming, IP rights and the metaverse
- 01 Mar 2024
- Justin Davidson
This article explores the emerging concept of the metaverse, and examines its implications for intellectual property rights and the video games industry.
Exclusive
Five connections that underpin the impact of the UK arts sector
- 20 Nov 2023
- Jonathan Deakin, Tom Meakin, Van Nguyen, Tunde Olanrewaju
A McKinsey Insights special report providing perspective on how to gauge and sustain the UK arts sector's full economic impact. The report examines the connections within not-for-profit and for-profit arts organisations, local public bodies and local businesses that underpin the ability of the sector to achieve and sustain its impact.
Exclusive
The business and accounting side of music
- 01 Sep 2023
- Kathleen Hoffelder
A profile of Jennifer L.Rosen CPA, who specialises in music industry accounting. During her career she has specialised in infringement and compliance, uncovering missing or misappropriated royalties due to songwriters. Now head of music publishing partnerships for North America at YouTube, she manages the company's relationships with music publishers.
Exclusive
UK crews in crisis as SAG-AFTRA strike thwarts production: “Is the UK industry really our own?”
- 08 Aug 2023
- Mona Tabbara
The impact of the SAG-AFTRA strike, which concerns members of the US actors’ union rallying against issues of insufficient payment and the threat to jobs from artificial intelligence, has been substantial in the UK. Usually a high volume of US studio and streamer projects are filmed in the UK, but since the strike began creative industries union Bectu estimates 'thousands' of crew members have been put out of work.
Terms of use
You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Sport
Football club investment: less ego and more ROI
- Article
- 25 Sep 2024
- ICAEW Insights
From trophy asset to serious investment opportunity, football clubs have come of age. But understanding how to value them is a specialist field. Expert Nick Barlow talks us through the issues at play.
ICAEW accountant stars in Team GB Olympic rugby
- Article
- 14 Aug 2024
- ICAEW Insights
Heather Cowell, Team GB rugby sevens forward and ICAEW Chartered Accountant, explains how playing hard and working smart paved the way for her success both on and off the field.
Tax news in brief 22 May 2024
- Article
- 22 May 2024
- ICAEW
Highlights from the broader tax news for the week ending 22 May 2024, including: increase in income self assessment (ITSA) threshold; HMRC seeks feedback on income record viewer; and new guidelines for compliance for football clubs and agents.
Tax news in brief 01 May 2024
- Article
- 30 Apr 2024
- ICAEW
Highlights from the broader tax news for the week ending 1 May 2024, including: an opportunity to give your thoughts on the non-dom changes; new legislation affecting building societies and individuals involved in the UEFA Champions League final; and changes to HMRC’s guidance for tour operators.
From PwC to public service: Lynn Pamment CBE
- Article
- 17 Apr 2024
- ICAEW Insights
The former PwC partner and now Jersey’s Comptroller and Auditor General on why tackling the local audit crisis hinges on audit firm leaders valuing the public sector audit discipline better.
Community amateur sports clubs asked to check their status
- Article
- 05 Apr 2024
- ICAEW Insights
HMRC is writing to community amateur sports clubs and asking them to check if they are still eligible to stay within the scheme.
New Bill scores for football governance
- Article
- 21 Mar 2024
- ICAEW Insights
The Football Governance Bill unveils an Independent Football Regulator to combat financial mismanagement, preserve clubs’ links with their communities and protect the national game.
Tax news in brief 28 February 2024
- Article
- 27 Feb 2024
Highlights from the broader tax news for the week ending 28 February 2024, including: a new income tax exemption for the Champions League final, tips from HMRC on paying PAYE and filing an ATED return; and the EU’s new digital system for union goods.
Bloomsbury Accounting and Tax Service
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.
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PRACTICE DEPARTMENT
Trading company and investment company computations under CTSA
- Jul 2024
- Peter Rayney
- Tax Planning for Family and Owner-managed Companies
Chapter containing advice on computations and the corporation tax self-assessment (CTSA) return, written for anyone who advises or runs a family or owner-managed company.
Exclusive
PRACTICE DEPARTMENT
Creative industry tax reliefs
- Apr 2024
- Maria Kitt
- Research and Development Tax Reliefs
A chapter on claiming UK creative industry tax reliefs effectively, providing easy to follow guidance.
Exclusive
PRACTICE DEPARTMENT
Creative sector tax reliefs
- Jan 2024
- Satwaki Chanda, Steve Collings, Jacquelyn Kimber, Maria Kitt, David O'Keefe, Andrew Parkes
- Corporation Tax
Practical guidance on creative sector tax reliefs for film, TV, video games, theatre, orchestra, museums and galleries.
Exclusive
PRACTICE DEPARTMENT
Museums and galleries exhibitions tax relief
- Jan 2024
- Satwaki Chanda, Steve Collings, Jacquelyn Kimber, Maria Kitt, David O'Keefe, Andrew Parkes
- Corporation Tax
Practical guidance on the museums and galleries exhibitions tax relief that can be claimed by charitable companies.
Terms of use
You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Market research
The ICAEW Library & Information Service provides access to industry profiles and market reports as a benefit of ICAEW membership. See our Industry guides for a more comprehensive selection of market research resources for the film, music, sports, theatre and video games industries. If you are unable to access a report, please see our Online resources troubleshooting or contact library@icaew.com.
Exclusive
Sports equipment in the United Kingdom
- Feb 2023
- MarketLine
Annual MarketLine UK sports equipment industry profile covering the market size, competitive landscape and forecast data for market performance.
Exclusive
Games consoles industry profile: Global
- Feb 2023
- MarketLine
Annual MarketLine global games consoles industry profile covering the market size, competitive landscape and forecast data for market performance.
Exclusive
Games consoles in the United Kingdom
- Feb 2023
- MarketLine
Annual MarketLine UK games consoles industry profile covering the market size, competitive landscape and forecast data for market performance.
Exclusive
Sports equipment industry profile: Global
- Feb 2023
- MarketLine
Annual MarketLine global sports equipment industry profile covering the market size, competitive landscape and forecast data for market performance.
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Movies and entertainment in the United Kingdom
- Nov 2022
- MarketLine
Annual MarketLine UK movies and entertainment industry profile covering the market size, competitive landscape and forecast data for market performance.
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Movies and entertainment industry profile: Global
- Nov 2022
- MarketLine
Annual MarketLine global movies and entertainment industry profile covering the market size, competitive landscape and forecast data for market performance.
Exclusive
Games software in the United Kingdom
- Oct 2022
- MarketLine
Annual MarketLine UK games software industry profile covering the market size, competitive landscape and forecast data for market performance.
Terms of use
You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Practical perspectives
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ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Crowdfunding and taxation
- 24 Aug 2018
- PDF (102kb)
Practical perspective on the taxation implications of raising funds through crowdfunding - raising money for projects through the principle of finding large numbers of small investors,
Exclusive
Acting for popular music groups
- 14 Feb 2019
- PDF (158kb)
What makes acting for music bands different is the nature of the income, the manner in which it is paid and the scope for effective tax planning.
Exclusive
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Creative tax credits in the UK for film production, television production and video game development
- 24 Aug 2018
- PDF (103kb)
This practical perspective explains what sort of projects qualify for creative tax credits and gives an overview of the relevant tax calculations.
Exclusive
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Cast and crew – employment status and PAYE
- 06 Nov 2014
- PDF (877kb)
This practical perspective explains cast and crew employment status and PAYE deductions.
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ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Theatre tax credits in the UK
- 15 Feb 2019
- PDF (201kb)
This practical perspective relates to theatrical producers operating through a Limited Company, wishing to undertake production work through a UK company.
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Articles
- 01 Oct 2020
Read the latest articles from the Entertainment, Sport & Media Community.
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ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Film tax relief in the UK
- 24 Aug 2018
- PDF (109kb)
This practical perspective sets out some of the considerations to bear in mind when making a film tax relief claim.
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ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Successful royalty audits for auditors
- 14 Feb 2019
- PDF (224kb)
A royalty audit has the potential to cause disruption to the day-to-day activity of the licensee. Unlike a ‘normal’ statutory audit, a royalty audit involves three parties: the licensor (your client), the licensee (the party being reviewed) and the auditor (you).
Film
Spring Budget 2024: measures for business
- Article
- 06 Mar 2024
- ICAEW Insights
As promised in the Autumn Statement, the Chancellor used the Spring Budget 2024 to announce a suite of tax relief changes to incentivise and support growth in the UK’s creative sector.
A pre-election Budget lacking in rabbits or hats
- Article
- 06 Mar 2024
- ICAEW Insights
An extension of full expensing to leases is welcome news for businesses in a Budget that delivers nothing unexpected.
Update on audio-visual tax relief regime
- Article
- 09 Jan 2024
- ICAEW
Following a consultation and the publication of draft legislation in July 2023, the Autumn Statement confirmed that film, TV and video games tax reliefs will be reformed into refundable expenditure credits.
Cinema during COVID: death or diversification
- Article
- 04 Jan 2021
4 January 2021: The pandemic has hit the cinema industry hard, particularly the major chains. But breaking away from the blockbuster multiplex model could breathe new life into the sector.
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Merchandising and film promotion – keep the faith
- Article
- 05 Jan 2015
A recent application by a retro bag selling company from Manchester to register a trade mark based on the traditional Northern Soul logo and the words "Keep The Faith – Northern Soul" has been refused by the Intellectual Property Office (IPO).
Music
Why the Royal Albert Hall is changing tune
- Article
- 16 Apr 2024
- ICAEW Insights
ICAEW member James Ainscough, CEO of the Royal Albert Hall, explains how attracting the next generation of concertgoers is key to the delivery of its post-pandemic business plan.
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
The performance royalty dispute
- Article
- 27 Mar 2014
Arguments about whether the American radio industry should pay artists a performance royalty when their records are broadcast on terrestrial radio remain unresolved as the radio industry seeks to reduce the existing copyright royalties paid to songwriters and music publishers.
Theatre
Trustees’ Week: why volunteering your time is a two-way street
- Article
- 04 Nov 2024
- ICAEW Insights
As part of Trustees’ Week 2024 (4-8 November) Sophie Hamlet, an audit manager at Grant Thornton, explains why her motivation for being a charity trustee isn’t just about giving something back.
Theatre Tax Credits: An update
- Webinar
- 18 Dec 2020
- ICAEW
HMRC examines theatre tax credits with Jaivin Vora, Director of Creative Industries, Ernst and Young.
The tax credit lifeline as theatres shut down
- Article
- 16 Dec 2020
- Mark Rowland
With London moving into tier four lockdown, the theatre sector was delivered another blow at what would usually be one of its busiest periods.
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Helpsheet: theatre tax credits in the UK
- Article
- 23 Nov 2014
Theatre tax credits commenced from 01 September 2014 and offer theatrical producers operating through a limited company incentives to undertake production work through a UK company.
eBooks
The Library & Information Service provides a hand-picked collection of eBooks as a benefit of membership. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.
Exclusive
Special classes of taxpayers
- 2023
- Malcolm James
- Spiramus
- Taxation of Small Businesses
This chapter covers the schemes, reliefs and special rules pertaining to classes of taxpayers not covered elsewhere in this work. This includes the Construction Industry Scheme and rules for small businesses, charities, clubs and societies and various types of occupations.
Terms of use
You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Industry guides
The ICAEW Library & Information Service has compiled a series of industry guides. You'll find a package of information on each sector, including links to market research reports, statistics, trade bodies and trade journals. The guides also provide details of key players reports, market reports and mailing lists, which ICAEW members and ACA students can order through the website or from the library enquiry team on +44 (0)20 7920 8620 or library@icaew.com.
Exclusive
Film industry
- Research guide
- Nov 2023
- ICAEW Library and Information Service
Guide to researching the film and television industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Music industry
- Research guide
- Oct 2023
- ICAEW Library and Information Service
Guide to researching the music industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Sports industry
- Research guide
- Nov 2023
- ICAEW Library and Information Service
Guide to researching the sports and sporting goods industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Theatre industry
- Research guide
- Jan 2021
- ICAEW Library & Information Service
Guide to researching the theatre industry. Quick links to trends, forecasts, market research, statistics and useful organisations.
Exclusive
Video games industry
- Research guide
- Oct 2023
- ICAEW Library and Information Service
Guide to researching the video game and interactive media industry. Quick links to trends, forecasts, market research, statistics and useful organisations.
Articles and books in the ICAEW Library collection
The ICAEW Library & Information Service holds a print collection of over 45,000 books and around 160 current professional journals. For information on borrowing books from the Library please contact us or see our guide to book loans.
Employment status: a tax guide, 5th ed.
- 2024
- D. Kirk
- Claritax Books
This book guides the reader through the extensive and apparently contradictory case law on employment status. The special cases section includes information on the entertainment, sport and media sector, the farming sector, the legal sector, and healthcare professionals.
The taxation of small businesses, 2023-24
- 2023
- M. James
- Spiramus
A practical, single-volume guide to all aspects of direct taxation of small businesses. The authors clearly explain the relevant legislation, and offer practical advice on how to minimise clients' tax liabilities and avoid common pitfalls. This latest edition incorporates changes arising from the Finance Act 2023. The special classes of taxpayers chapter covers some specialist areas, including: Construction Industry Scheme (CIS); farmers; actors, musicians and entertainers; barristers; breweries and licensed premises; doctors and dentists; solicitors; charities; housing associations.
All you need to know about the music business (10th edition)
- 2021
- D.S.Passman
- Penguin
Whether you're a musician or songwriter, an agent or a manager, this is an essential guide to everything you need to know about the music business, covering aspects such as picking a team of advisors, the business side of record deals, song-writing and music publishing, advanced copyright concepts, motion picture music and royalty calculations.
Business entrepreneurship for filmmakers: making a living as a creative artist in the film industry
- 2020
- C.Haine
- Routledge
From creating a business model, dealing with taxes and funding, finding and managing clients, networking, investing, cashflow, and planning for the long term, this book provides real-world, pragmatic advice on navigating a freelance film career.
Sports governance handbook
- 2019
- K.Carpenter
- ICSA Publishing
A practical handbook which explains the main governance principles in sports organisations, explores challenges facing the sector and looks at developing areas, from finance and funding to ethics and culture.
Sport: law and practice
- 2019
- G. Treverton-Jones
- Law Society
This in-depth book gives practitioners the arguments and references necessary to advise all types of governing bodies and participants in sport (including players, clubs, agents or commercial partners) with an essential understanding of their legal position and provides students with a full grounding in sports law. Includes information on taxation of sports organisations and tax and financial planning for individual athletes.
Drafting agreements for the digital media industry
- 2016
- A.Williams
- Oxford University Press
An essential handbook for the law and business of digital media, offering a practical approach to contracts and documentation. Contains sections on commercial and legal themes, acquisition and development, licensing and distribution.
Sportspersons
- 2015
- S.Arnold
- Wolters Kluwer
Tax digest on the taxation of athletes and sportspeople. Contains sections: residence and domicile; trading versus hobby; service companies; employees including (directors); and non-resident sportspersons performing in the UK. Includes worked examples.
Terms of use
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.
Useful links
Selected links to entertainment, sport and media related news, guidance, statistics and reports.
Accounting for digitally distributed content
- EY
Guidance on accounting considerations for entities that have adopted the guidance in ASU 2019-02 - Improvements to Accounting for Costs of Films and License Agreements for Program Materials, under US GAAP.
Accounting for football clubs
- ICAEW Library and Information Service
Accounting for sports clubs is a specialist area that requires expertise and an understanding of the industry. On this page you can access a range of articles, books and online resources providing quick links to practical guidance and background knowledge.
Accounting for the film and broadcast media industry
- ICAEW Library and Information Sevice
Accounting for the film and broadcast media industry is a specialist area that requires expertise and an understanding of the sector. On this page you can access a range of articles, books and online resources providing quick links to practical guidance and background knowledge.
Accounting for typical transactions in the football industry
- PwC
PWC report providing practical insights into the application of IFRS in the football industry. It reflects the typical financial reporting challenges faced by many football clubs, ranging from player transfer-related issues and stadium leases to how to recognise revenue from various sources. The original publication from 2018 has been updated in 2024 with two new example solutions: one on player exchanges, and the other on player contract term options.
Charities SORP example accounts
- Charity Commission
Example charity accounts for an Arts Theatre Trust company which is operating a theatre and related activities. The charity has opted to prepare its accounts using FRS 102 and following the charities SORP (FRS 102).
Paying the Price: The sixth ISM Brexit report
- Independent Society of Musicians (ISM)
A report from the Independent Society of Musicians (ISM) on the impact of Brexit on musicians and the music sector. This comprehensive report, which is the first of its kind following the UK’s departure from the EU, uses testimony from over 400 musicians and those in the music industry who have worked in Europe since January 2021. The data was gathered from an open survey of the music sector which was promoted by the ISM.
Terms of use
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.
Thought leadership
Our thought leadership is intended to change thinking and behaviour. We want to help our members do their jobs as best they can. Ultimately, this will enable a world of sustainable economies.
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