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Accounting for the film industry

Accounting for the film and broadcast media industry is a specialist area that requires expertise and an understanding of the sector. On this page you can access a range of articles, books and online resources providing quick links to practical guidance and background knowledge.

We also have a separate Business & Industry Guide on the film industry.

What's on this page?

  • Useful links
  • Online articles
  • Books and articles from the library

Contact the Library

Expert help for your enquiries and research.

E  library@icaew.com

T  +44 (0)20 7920 8620

ICAEW support and guidance

Entertainment and Media Group
The special interest group provides practical support to chartered accountants within the sector. It offers news updates, technical helpsheets, as well as conferences and seminars.

Creative Industries - Routes to Finance
A funding guide for creative organisations from ICAEW’s Corporate Finance Faculty, supported by the Creative Industries Federation and 52 organisations in the UK’s creative economy. It is the first comprehensive and bespoke guide to finance for Britain’s creative industries.

Useful links

Production Accounting Forum

The Production Accounting Forum has published A Best Practice Guide to Production Accounting, with an appendix of downloadable model documents and templates, covering:

  • development and pre-production
  • setting up a production
  • bookkeeping and accounting
  • production forecasting and cost reporting
  • post production and project close
  • payroll
  • taxation
  • foreign filming.

BFI

The BFI provides information for practitioners and researchers on finance and the film industry, including:

HMRC

Film Production Company Manual
Detailed guidance and updates on tax aspects of film production, including taxation and losses for film production companies, qualifying films for tax relief, eligible expenditure, calculation, claims, co-productions, avoidance and disclosure. 

Particular occupations: entertainment industry
Section of the Employment Status Manual that gives guidance regarding tax issues (including National Insurance contributions and income tax) and employment status for film, video and television workers.

Foreign entertainer tax rules
Guidance and relevant forms from HMRC on paying tax as a foreign entertainer in the UK and payments to foreign entertainers.

US Financial Accounting Standards Board (FASB)

The FASB establishes accounting standards in the US and has issued the following statements:

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use.

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Can't find what you are looking for?

If you're having trouble finding the information you need, ask the Library & Information Service. Contact us by telephone on +44 (0)20 7920 8620, by web chat or by email at library@icaew.com.

ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.