UK AVEC & Independent Film Tax Credit · post-April 2025 regime
Audio-Visual Expenditure Credit
An indicative estimate of the cash credit a UK production can expect, built the way the claim is actually computed. Enter your figures and the schedule resolves live.
Production inputs
£
The whole production's core spend£
Used or consumed in the UKEstimated computation
Total core expenditure£600,000
UK core expenditure£433,211
80% cap (80% × total core)£480,000
Qualifying expenditureLimited by UK spend£433,211
Credit rate34%
Gross expenditure credit£147,292
Less: notional Corporation Tax @ 25%(£36,823)
Net payable credit
£110,469
Effective 25.50% of qualifying spend · 18.41% of total core
Which route pays more?
Standard AVEC · 34%£110,469
IFTC · 53%£172,201
IFTC is worth £61,733more in net cash on this spend, before the cost of the required Accountant's Report.
Reconciliation check: engine reproduces the worked example (£433,211 → gross £147,292 → net £110,469) to the pound.