Overview

This standard is about establishing the potential eligibility of a production to qualify for the Tax Credits and to apply the requirements of British Film Certification.

This will also involve following the process for completion and submission of the claim for UK Film Tax Credit to the UK Film Council who act on behalf of the Department of Culture, Media and Sport (DCMS). You would be expected to be familiar with the Cultural Test procedure in order to assess a production’s probability of achieving tax credit status and the implication that this would have on the funding structure of the production.

 

Performance criteria

You must be able to:

  1. identify qualifying elements of a production
  2. collate information that is to be examined for qualification
  3. identify and calculate the implications of the Tax Credit to the budget and cash-flow of the production application forms and prepare supporting documentation.
  4. assess compliance with UK corporation tax regulations and reporting requirements
  5. complete required documentation and demonstrate points accrual in each designated category
  6. prepare and maintain accurate accounting records of qualifying UK spend throughout the pre-production, shoot and post-production periods
  7. commission an audit of production accounts in order to make final submission

 

Knowledge and understanding

You need to know and understand:

  1. the qualifying factors per the DCMS guidelines
  2. the procedures from application through to completion
  3. the British film certification cultural test guidance notes categories and points system
  4. the DCMS legislation and regulations
  5. how the production cash-flow is affected by the claim status
  6. the relevant documentation that must be completed for tax credit claims
  7. details to include such as script and synopsis, shooting schedule, budget and copy of chain of title