Film, TV and Animation Production
For over 40 years Shipleys LLP has been delighted to support the broadcast industry. We’re a medium sized firm of chartered accountants, with a well-developed and specialist media division. The division comprises accountancy, tax and business advisors specialising in Film, Television and Animation production.
The wealth of experience and knowledge we have gained has led us to be recognised as a market leader in film and TV production. We advise a large spectrum of companies including exhibitors, distributors and production companies, as well as individuals both behind and in front of the camera. Typically, we look after 80-100 productions a year.
A large proportion of our work is commissioned by financiers (including several TV companies) independent producers and completion guarantors, and through extensive contacts with other professionals specialising in the industry.
We help productions in a variety of ways, but the following is a sample of some of the major areas our specialist team are regularly involved in.
- Production audits (both full and investigatory)
- Distribution or royalty audits
- British Film Certification audits
- Film tax credit claims
- Co-Production Certification audits & advisory services
- Statutory accounts and corporation tax advice
- Personal tax advice
- Specialist VAT advice
- Advice to both UK and non-UK entities
- Advice with applications for the Government’s Film and Television Production Restart Scheme
- Pre and postproduction services
Through our membership of AGN International – a global association of similar sized accounting firms throughout the world and support clients with cross-territory productions.
The UK’s Film and Television Production Tax credits
Tax credits introduced by the UK government in 2013 can cut costs for qualifying productions by up to 25%. So many productions, both international and indigenous, have benefitted from the credit. In recent years, the total value of tax credit claims for production companies which we’ve successfully secured has been in excess of £100m.
The variety of our specialist work and experience is vast and our portfolio includes animations, documentaries, films and televisions series. Production budgets range from as little as £500,000 to in excess of £100 million.
A long tradition of specialist support for the broadcast industries
Highly successful productions we’ve supported include The Favourite, Judy. Slumdog Millionaire, Call The Midwife, Killing Eve, Peaky Blinders, The Night Manager, A Headful of Dreams, Diego Maradona, Ronaldo, Horrible Histories, The Pets Factory, Junior Bake Off, Dogs Love Books, Mr Bean Animation Series, Lego Animation Series
We also work in an advisory capacity to many commissioning organisations and studios across the globe.