Independent Film Tax Credit (IFTC)
Key questions
How much does Independent Film Tax Credit (IFTC) pay?
Independent Film Tax Credit (IFTC) pays 10–53% of eligible local spend in United Kingdom, capped at £15M per project. Public funding is limited to 80% of the budget. It is bankable, so lenders will typically cash-flow it.
Who is eligible for Independent Film Tax Credit (IFTC)?
Independent Film Tax Credit (IFTC) is open to documentaries and animation. Eligible structures include official co-productions. Projects must pass a cultural test.
When is the next Independent Film Tax Credit (IFTC) deadline?
The next Independent Film Tax Credit (IFTC) deadline is 1 Jan 2027 (application deadline). The fund runs 2 sessions a year.
How do you apply for Independent Film Tax Credit (IFTC)?
Applications for Independent Film Tax Credit (IFTC) go to HMRC / BFI through its online application portal. Payment usually follows about 12 months after completion. PULPSCREEN last verified these details on 5 Apr 2026.
Territorial spend requirement
Minimum UK core spend requirement of 10%
Overview
How to access expenditure credits or tax relief for film, television programmes and video games.
Eligible formats
Eligibility
Film must have started principal photography on or after 1 April 2024, have total core expenditure up to £23.5 million, meet creative connection requirement (British director, writer, or official co-production), pass cultural test or qualify as co-production, be intended for theatrical release, and have minimum 10% UK core spend.
Upcoming deadlines
Programme contacts
- Stephanie Martinez— HMRC ContactStephanie.Martinez@hmrc.gov.uk
- Sutton Williams— HM Treasury ContactSuttonWilliams@hmtreasury.gov.uk