Guidance
Work out how to redeem creative industry expenditure credits
Use this calculator to work out how to redeem the value of your expenditure credits and how much payable credit you can claim.
Before you work out how to redeem the value of your expenditure credits and the payable credit you can claim, you should check if your company qualifies for the expenditure credits.
Watch a video on how to redeem the value of expenditure credit.
How to redeem the value of the Creative Expenditure Credit?
Before you start
If your period of account is over 12 months long, you will need to split it into 2 or more accounting periods, of up to 12 months each. You need to complete a separate calculation for each accounting period.
To use the online calculator you’ll need the:
- accounting period start and end dates
- total amount of expenditure credit surrendered by a group member, if any
- withheld amounts brought forward from previous accounting periods, if any
- total amount of expenditure credit for the accounting period, including any additional credit for visual effects costs
- amount of Corporation Tax liability for the accounting period, if any
- amount of outstanding Corporation Tax liabilities for other accounting periods, if any
- amount of credit you want to surrender to group members
- amount of any other outstanding tax liabilities you have, for example VAT or PAYE
Updates to this page
Published 21 May 2025