Policy paper

Creative industries and Research and Development tax reliefs: administrative changes

This tax information and impact note is about 3 administrative changes to the Corporation Tax reliefs for Research and Development (R&D) and creative industries.

• From: HM Revenue & Customs
• Published: 26 November 2025

Documents

Creative industries and Research and Development Expenditure Credits — administrative measures

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Draft legislation

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Draft legislation (accessible version)

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Details

This measure clarifies the tax treatment of payments made between group companies in return for either surrendered:

• Research and Development Expenditure Credit (RDEC)
• Audio-Visual Expenditure Credit (AVEC)
• Video Games Expenditure Credit (VGEC)

This measure:

• updates the transitional rules between Video Games Tax Relief and VGEC
• makes minor changes to special credit for visual effects, which is part of AVEC

Published 26 November 2025