ICAEW resources
Exclusive
ICAEW and the creative industries
- Helpsheets and support
- Corporate Finance Faculty
The creative industries are major contributors to culture, the economy and innovation. They’re fast growing and employ more than three million people – across film, fine arts, design, music, video games, fashion, TV, crafts, publishing, radio, photography and heritage.
Accounting for the film and broadcast media industry
- Listing
- 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.
Government guidance
DCMS Sectors Economic Estimates
- Website
- GOV.UK
UK government statistics on the creative industries, measuring the number of jobs in the sector and the value of its economic contribution to the UK economy.
Employment status manual: entertainment industry
- Website
- HM Revenue & Customs
Employment status guidance for the entertainment industry. The guidance covers film and video workers, TV and radio workers, theatrical workers and musicians.
Film production company manual
- Website
- HM Revenue & Customs
Guidance from HMRC relating to the taxation of activities by a film production company.
Non-resident entertainers and sportspersons
- Website
- HM Revenue & Customs
HMRC self assessment helpsheet HS303, explaining the tax rules and treaty provisions for non resident entertainers and sportspersons.
Tax appeal [2018] UKUT 0440 (TCC)
- Website
- GOV.UK
Appeal relating to whether Greenisland Football Club should pay VAT on the cost of the construction of a new clubhouse.
Tax appeal [2018] UKUT 0191 (TCC)
- Website
- GOV.UK
Upper Tribunal Tax and Chancery decision on whether affiliation fees paid by golf clubs to golf associations should be VAT standard-rated or exempt. The appeal was brought by the Association of Golf Course Owners (AGCO) to highlight differences in VAT treatment for proprietary and members' golf clubs.
Creative industry tax reliefs for corporation tax
- Website
- HM Revenue & Customs
HMRC guidance on how to qualify and claim for corporation tax creative industry reliefs.
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.
Tax appeals
Tax appeal [2020] UKFTT 350 (TC)
- Website
- BAILII
A second hearing following the 2017 decision Tax appeal [2017] UKFTT 0698 (TC) - when an ice rink sells a package deal for admission for a child to skate and also hire skates, is this a single supply or two separate supplies? The hire of skates by children is zero-rated, whereas the admission charge is standard-rated. In both hearings the court decided that the supplies were separate for VAT purposes.
Hull City AFC (Tigers) Limited v HMRC [2019] TC7074
- Website
- BAILII
An appeal by Hull player Geovanni Gomez regarding HMRC's decision that his Image Rights Agreement payments formed part of his employment income. The tribunal decided that the payments were a reward for Geovanni's services as a footballer and therefore part of his taxable earnings.
Tax appeal [2018] UKUT 0440 (TCC)
- Website
- GOV.UK
Appeal relating to whether Greenisland Football Club should pay VAT on the cost of the construction of a new clubhouse.
Tax appeal [2018] UKUT 0191 (TCC)
- Website
- GOV.UK
Upper Tribunal Tax and Chancery decision on whether affiliation fees paid by golf clubs to golf associations should be VAT standard-rated or exempt. The appeal was brought by the Association of Golf Course Owners (AGCO) to highlight differences in VAT treatment for proprietary and members' golf clubs.
Tax appeal [2017] UK FTT 873 (TC)
- Website
- BAILII
A 'mixed supply' tax tribunal case - the tribunal considered whether annual membership subscriptions paid by members of the Harley Owners Group are a single supply of membership or multiple supplies for VAT purposes. Due to a variety of separately tangible key items received, the tribunal decided in favour of Harley that the membership subscriptions should be treated as a multiple supply, with the printed matter zero-rated.
Tax appeal [2018] UKFTT 0028 (TC)
- Website
- Tribunals Judiciary
A case involving a Glasgow indoor ski slope charging VAT on lift passes at the reduced rate of 5%. An exception within the wording of Schedule 7A Group 13 was crucial, leading to the appeal being dismissed.
Hull City AFC (Tigers) Limited v HMRC [2017] UKFTT 0629 (TC)
- Website
- Tribunals Judiciary
Judgement from a 2017 First-tier Tribunal appeal by Hull City regarding payments made to a third party company for footballer Geovanni Gómez's image rights.
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.
Industry guidance
A best practice guide to production accounting
- Website
- April 2020
- The Production Guild
This Production Guild guide provides best practice documentation for film and TV industry accounting professionals.
About UK creative industry tax reliefs
- Website
- 2021
- British Film Institute
British Film Institute (BFI) guide to tax relief available for the film, television, animation and video game industries.
Film Financing and TV Programming: A Taxation Guide
- Website
- 2017
- KPMG
KPMG's guide provides a country by country analysis of potential financing and tax implications in established and emerging production centres.
Media Industry Accounting Group
- Website
- 2017
- PWC
Guidance on key IFRS accounting considerations for film and media companies from PWC's Media Industry Accounting Group.
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.
Statistics and trends - Entertainment and media
DCMS Sectors Economic Estimates
- Website
- 2023
- GOV.UK
UK government statistics on the creative industries, measuring the number of jobs in the sector and the value of its economic contribution to the UK economy.
Paying the Price: The sixth ISM Brexit report
- Website
- 2023
- 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.
2023 media and entertainment industry outlook
- Website
- 2023
- Deloitte
Annual Deloitte report looking at prospects for growth in the media and entertainment industry, with an overview of the latest industry challenges and trends.
Creative industry annual tax relief statistics
- Website
- 2022
- HM Revenue & Customs
HMRC annual statistics providing information on tax relief and expenditure figures for the creative industries: film, high-end television, animation, video games, children’s television, theatre, orchestra, and museum and gallery exhibitions.
UK edition: Entertainment & Media Outlook 2022-2026
- Website
- 2022
- PwC
PWC's snapshot of major trends in the UK entertainment and media industry, along with five-year projections of consumer and advertising spending data across 14 segments and 52 territories.
How Britain entertained itself during lockdown
- Website
- 2020
- Entertainment Retailers Association
Research analysing UK consumer entertainment choices during the COVID-19 2020 lockdown.
Worldwide Independent Market Report: The global economic & cultural contribution of the independent record industry
- Website
- 2018
- Worldwide Independent Network (WIN)
Reports exploring the economic and cultural value of independent music by mapping the global market share of the independent music sector at copyright level. The reports include data on revenue by format, number of people employed, A&R spend, marketing costs and use of third party distributors.
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.
Statistics and trends - sports
Football Clubs' Valuation: The European Elite 2022
- Website
- 2023
- KPMG
KPMG analysis providing an indication of the enterprise value (EV) of prominent European football clubs as at 1 January 2022.
Sports industry outlook 2023
- Website
- 2023
- Deloitte
Annual US sports sector report taking a look at the latest US sports market topics and trends.
PwC Sports Survey 2023
- Website
- 2023
- PwC
PwC’s annual Sports Survey captures the collective views of sports industry leaders on a wide variety of trends. The report also covers the industry's growth prospects and key threats facing today’s sports market.
Deloitte Football Money League 2023
- Website
- 2023
- Deloitte
Analysis profiling the financial performance of the highest revenue generating clubs in world football. Deloitte also publish an Annual Review of Football Finance, which covers the revenue growth of the English Premier League and Football League.
Football Finance Directors report 2022
- Website
- 2022
- BDO
Annual survey based on interviews with English and Scottish football club finance directors, looking at the financial health of clubs and their operational and strategic plans for the future.
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.
Explore our communities
Information, insights, guidance and networking opportunities on a range of industry sectors and at various stages throughout your career.
Find out more 