TAX CREDIT
AVEC — Film
HMRC / BFI
Last verified 5 Apr 2026 · 14 days ago
53%
Cap per project
£6.4M
Max public funding
80%
Sessions/year
2
Payment timing
12 months
Reliability
Fair
Bankability
Selective
Rate conditions
↑ 53%Enhanced AVEC for lower budget films (up to £23.5M total core expenditure) with qualifying director/writer/co-production status, started principal photography on/after 1 April 2024
Funding tracks
Standard AVEC
Standard qualifying films
34%
Enhanced AVEC (IFTC)
Films up to £23.5M total core expenditure with qualifying creative connections, started principal photography on/after 1 April 2024
53%
Territorial spend requirement
Can claim on up to 80% of core expenditure or UK core expenditure if less
10% of grant in regional spend
Overview
The UK Independent Film Tax Credit provides a 53% enhanced tax credit for eligible independent films with budgets up to £15 million, designed to boost UK independent film production and support UK talent.
Eligible formats
animation
Eligibility
Films must have production budgets up to £15 million, meet BFI cultural test criteria (UK writer, UK director, or official UK co-production), be certified as culturally British, made by UK production company, with at least 10% core expenditure in UK, and intended for theatrical release
● Co-production eligible● Cultural test required● VFX eligible
Upcoming deadlines
1 Jan 2027Application deadline
1 Apr 2027Application deadline
Programme contacts
- Stephanie Martinez— HMRC ContactStephanie.Martinez@hmrc.gov.uk
- Sutton Williams— HM Treasury ContactSuttonWilliams@hmtreasury.gov.uk
Source: HMRC / BFI · verified 5 Apr 2026