Accounting for Government Grants: How Creatives Deal with Financial Support
Government grants count as taxable income. You must only recognise them once all attached conditions are met, not simply when the cash arrives in your
Government grants count as taxable income. You must only recognise them once all attached conditions are met, not simply when the cash arrives in your
AVEC replaces Film Tax Relief, HETV, Children’s TV, and Animation Tax Relief for new productions from April 2025. AVEC offers between 34% and 53% back
A cash flow statement shows you exactly when money moves in and out of your business — not just whether you’re profitable — which is
Management accounts are internal reports you produce as often as you need to make decisions. Statutory accounts are legally required annual filings that go to
HMRC taxes dividends based on when they’re paid, not when they’re declared. This means dividends from one company financial year can fall across two different
Since Brexit, the VAT rules for selling from the UK to the EU have become complex, so you might be right in asking the question:
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