Audio-Visual Tax Reliefs Consultation
ICAEW welcomes the opportunity to comment on the audio-visual tax reliefs report published by the government in November 2022.
Sport
How should football be regulated?
- Article
- 02 May 2025
- ICAEW Insights
As the new football regulator steps into the beautiful game, how will it strike the right balance between sustainability and growth from a business point of view? Finance experts explain how.
How finance flair led to top job in golf governance
- Article
- 28 Nov 2024
- ICAEW Insights
Martin Slumbers OBE, leader of major sports body The R&A, charts the career milestones that teed up his recognition in the 2024 King’s Birthday Honours.
Football club investment: less ego and more ROI
- Article
- 25 Sep 2024
- ICAEW Insights
From trophy asset to serious investment opportunity, football clubs have come of age. But understanding how to value them is a specialist field. Expert Nick Barlow talks us through the issues at play.
ICAEW accountant stars in Team GB Olympic rugby
- Article
- 14 Aug 2024
- ICAEW Insights
Heather Cowell, Team GB rugby sevens forward and ICAEW Chartered Accountant, explains how playing hard and working smart paved the way for her success both on and off the field.
Tax news in brief 22 May 2024
- Article
- 22 May 2024
- ICAEW
Highlights from the broader tax news for the week ending 22 May 2024, including: increase in income self assessment (ITSA) threshold; HMRC seeks feedback on income record viewer; and new guidelines for compliance for football clubs and agents.
Tax news in brief 01 May 2024
- Article
- 30 Apr 2024
- ICAEW
Highlights from the broader tax news for the week ending 1 May 2024, including: an opportunity to give your thoughts on the non-dom changes; new legislation affecting building societies and individuals involved in the UEFA Champions League final; and changes to HMRC’s guidance for tour operators.
From PwC to public service: Lynn Pamment CBE
- Article
- 17 Apr 2024
- ICAEW Insights
The former PwC partner and now Jersey’s Comptroller and Auditor General on why tackling the local audit crisis hinges on audit firm leaders valuing the public sector audit discipline better.
Community amateur sports clubs asked to check their status
- Article
- 05 Apr 2024
- ICAEW Insights
HMRC is writing to community amateur sports clubs and asking them to check if they are still eligible to stay within the scheme.
Bloomsbury Accounting and Tax Service
Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising around 80 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Accounting and Tax Service.
Exclusive
PRACTICE DEPARTMENT
Trading company and investment company computations under CTSA
- Mar 2025
- Peter Rayney
- Tax Planning for Family and Owner-managed Companies
Chapter containing advice on computations and the corporation tax self-assessment (CTSA) return, written for anyone who advises or runs a family or owner-managed company.
Exclusive
PRACTICE DEPARTMENT
Creative sector tax reliefs
- Feb 2025
- Satwaki Chanda, Steve Collings, Jacquelyn Kimber, Maria Kitt, David O'Keefe, Andrew Parkes
- Corporation Tax
Practical guidance on creative sector tax reliefs for film, TV, video games, theatre, orchestra, museums and galleries.
Exclusive
PRACTICE DEPARTMENT
Museums and galleries exhibitions tax relief
- Feb 2025
- Satwaki Chanda, Steve Collings, Jacquelyn Kimber, Maria Kitt, David O'Keefe, Andrew Parkes
- Corporation Tax
Practical guidance on the museums and galleries exhibitions tax relief that can be claimed by charitable companies.
Exclusive
PRACTICE DEPARTMENT
Creative industry tax reliefs
- Apr 2024
- Maria Kitt
- Research and Development Tax Reliefs
A chapter on claiming UK creative industry tax reliefs effectively, providing easy to follow guidance.
Terms of use
You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Practical perspectives
Exclusive
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Crowdfunding and taxation
- 24 Aug 2018
- PDF (102kb)
Practical perspective on the taxation implications of raising funds through crowdfunding - raising money for projects through the principle of finding large numbers of small investors,
Exclusive
Acting for popular music groups
- 14 Feb 2019
- PDF (158kb)
What makes acting for music bands different is the nature of the income, the manner in which it is paid and the scope for effective tax planning.
Exclusive
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Creative tax credits in the UK for film production, television production and video game development
- 24 Aug 2018
- PDF (103kb)
This practical perspective explains what sort of projects qualify for creative tax credits and gives an overview of the relevant tax calculations.
Exclusive
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Cast and crew – employment status and PAYE
- 06 Nov 2014
- PDF (877kb)
This practical perspective explains cast and crew employment status and PAYE deductions.
Exclusive
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Theatre tax credits in the UK
- 15 Feb 2019
- PDF (201kb)
This practical perspective relates to theatrical producers operating through a Limited Company, wishing to undertake production work through a UK company.
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Articles
- 01 Oct 2020
Read the latest articles from the Entertainment, Sport & Media Community.
Exclusive
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Film tax relief in the UK
- 24 Aug 2018
- PDF (109kb)
This practical perspective sets out some of the considerations to bear in mind when making a film tax relief claim.
Exclusive
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Successful royalty audits for auditors
- 14 Feb 2019
- PDF (224kb)
A royalty audit has the potential to cause disruption to the day-to-day activity of the licensee. Unlike a ‘normal’ statutory audit, a royalty audit involves three parties: the licensor (your client), the licensee (the party being reviewed) and the auditor (you).
Film
Spring Budget 2024: measures for business
- Article
- 06 Mar 2024
- ICAEW Insights
As promised in the Autumn Statement, the Chancellor used the Spring Budget 2024 to announce a suite of tax relief changes to incentivise and support growth in the UK’s creative sector.
A pre-election Budget lacking in rabbits or hats
- Article
- 06 Mar 2024
- ICAEW Insights
An extension of full expensing to leases is welcome news for businesses in a Budget that delivers nothing unexpected.
Update on audio-visual tax relief regime
- Article
- 09 Jan 2024
- ICAEW
Following a consultation and the publication of draft legislation in July 2023, the Autumn Statement confirmed that film, TV and video games tax reliefs will be reformed into refundable expenditure credits.
Cinema during COVID: death or diversification
- Article
- 04 Jan 2021
- ICAEW Insights
4 January 2021: The pandemic has hit the cinema industry hard, particularly the major chains. But breaking away from the blockbuster multiplex model could breathe new life into the sector.
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Why are fewer films being made in the UK?
- Article
- 06 Sep 2019
- Toby Jug
With Avengers: Endgame topping the box office charts recently and setting the record for the highest-grossing film of all time (as well as many others), one question comes to mind: what’s happening with the British independent film market?
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Merchandising and film promotion – keep the faith
- Article
- 05 Jan 2015
- Dave Morrison
A recent application by a retro bag selling company from Manchester to register a trade mark based on the traditional Northern Soul logo and the words "Keep The Faith – Northern Soul" has been refused by the Intellectual Property Office (IPO).
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Entertainment, Sport & Media Community
- Hub page
- 12 May 2011
- Entertainment Sport and Media Community
Access specialist resources; from film, TV, music, video games and theatre to sport, publishing and advertising.
Music
Why the Royal Albert Hall is changing tune
- Article
- 16 Apr 2024
- ICAEW Insights
ICAEW member James Ainscough, CEO of the Royal Albert Hall, explains how attracting the next generation of concertgoers is key to the delivery of its post-pandemic business plan.
Scalping the touts
- Article
- 07 Dec 2018
- David Stead
Secondary ticketing impacts hugely on both artists and fans. David Stead examines new ways to combat the problem, to give better value for fans.
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
The performance royalty dispute
- Article
- 27 Mar 2014
- Nigel Hunter
Arguments about whether the American radio industry should pay artists a performance royalty when their records are broadcast on terrestrial radio remain unresolved as the radio industry seeks to reduce the existing copyright royalties paid to songwriters and music publishers.
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Entertainment, Sport & Media Community
- Hub page
- 12 May 2011
- Entertainment Sport and Media Community
Access specialist resources; from film, TV, music, video games and theatre to sport, publishing and advertising.
Theatre
From theatre to audit: meet career-changer Charlie Morley
- Article
- 04 Jul 2025
- ICAEW Insights
After 13 years in the arts, Charlie Morley made a career pivot to accountancy. Now 18 months into her apprenticeship at PKF Francis Clark, she's discovered that her skills are surprisingly transferable.
Trustees’ Week: why volunteering your time is a two-way street
- Article
- 04 Nov 2024
- ICAEW Insights
As part of Trustees’ Week 2024 (4-8 November) Sophie Hamlet, an audit manager at Grant Thornton, explains why her motivation for being a charity trustee isn’t just about giving something back.
Theatre Tax Credits: An update
- Webinar
- 18 Dec 2020
- ICAEW
HMRC examines theatre tax credits with Jaivin Vora, Director of Creative Industries, Ernst and Young.
Scalping the touts
- Article
- 07 Dec 2018
- David Stead
Secondary ticketing impacts hugely on both artists and fans. David Stead examines new ways to combat the problem, to give better value for fans.
ENTERTAINMENT SPORT AND MEDIA COMMUNITY
Entertainment, Sport & Media Community
- Hub page
- 12 May 2011
- Entertainment Sport and Media Community
Access specialist resources; from film, TV, music, video games and theatre to sport, publishing and advertising.
eBooks
The Library & Information Service provides a hand-picked collection of eBooks as a benefit of membership. If you are unable to access an eBook, please see our Help and support or contact library@icaew.com.
Exclusive
Special classes of taxpayers
- 2024
- Malcolm James
- Spiramus
- Taxation of Small Businesses
This chapter covers the schemes, reliefs and special rules pertaining to classes of taxpayers not covered elsewhere in this work. This includes the Construction Industry Scheme and rules for small businesses, charities, clubs and societies and various types of occupations.
Terms of use
You are permitted to access, download, copy, or print out content from eBooks for your own research or study only, subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
Industry guides
The ICAEW Library & Information Service has compiled a series of industry guides. You'll find a package of information on each sector, including links to market research reports, statistics, trade bodies and trade journals. The guides also provide details of key players reports, market reports and mailing lists, which ICAEW members and ACA students can order through the website or from the library enquiry team on +44 (0)20 7920 8620 or library@icaew.com.
Exclusive
Film industry
- Research guide
- Nov 2023
- ICAEW Library and Information Service
Guide to researching the film and television industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Music industry
- Research guide
- Jun 2025
- ICAEW Library and Information Service
Guide to researching the music industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Sports industry
- Research guide
- Jun 2025
- ICAEW Library and Information Service
Guide to researching the sports and sporting goods industry. Quick links to trends, forecasts, market research, regulations, statistics and useful organisations.
Exclusive
Theatre industry
- Research guide
- Jun 2025
- ICAEW Library & Information Service
Guide to researching the theatre industry. Quick links to trends, forecasts, market research, statistics and useful organisations.
Exclusive
Video games industry
- Research guide
- Jul 2025
- ICAEW Library and Information Service
Guide to researching the video game and interactive media industry. Quick links to trends, forecasts, market research, statistics and useful organisations.
Articles and books in the ICAEW Library collection
The ICAEW Library & Information Service holds a print collection of over 45,000 books and around 160 current professional journals. For information on borrowing books from the Library please contact us or see our guide to book loans.
The taxation of small businesses, 2024-25
- 2024
- M. James
- Spiramus
A practical, single-volume guide to all aspects of direct taxation of small businesses. The author clearly explains the relevant legislation, and offers practical advice on how to minimise clients' tax liabilities and avoid common pitfalls. This latest edition incorporates changes arising from the Finance Acts 2024.
Employment status: a tax guide, 5th ed.
- 2024
- D. Kirk
- Claritax Books
This book guides the reader through the extensive and apparently contradictory case law on employment status. The special cases section includes information on the entertainment, sport and media sector, the farming sector, the legal sector, and healthcare professionals.
All you need to know about the music business (10th edition)
- 2021
- D.S.Passman
- Penguin
Whether you're a musician or songwriter, an agent or a manager, this is an essential guide to everything you need to know about the music business, covering aspects such as picking a team of advisors, the business side of record deals, song-writing and music publishing, advanced copyright concepts, motion picture music and royalty calculations.
Business entrepreneurship for filmmakers: making a living as a creative artist in the film industry
- 2020
- C.Haine
- Routledge
From creating a business model, dealing with taxes and funding, finding and managing clients, networking, investing, cashflow, and planning for the long term, this book provides real-world, pragmatic advice on navigating a freelance film career.
Sports governance handbook
- 2019
- K.Carpenter
- ICSA Publishing
A practical handbook which explains the main governance principles in sports organisations, explores challenges facing the sector and looks at developing areas, from finance and funding to ethics and culture.
Sport: law and practice
- 2019
- G. Treverton-Jones
- Law Society
This in-depth book gives practitioners the arguments and references necessary to advise all types of governing bodies and participants in sport (including players, clubs, agents or commercial partners) with an essential understanding of their legal position and provides students with a full grounding in sports law. Includes information on taxation of sports organisations and tax and financial planning for individual athletes.
Drafting agreements for the digital media industry
- 2016
- A.Williams
- Oxford University Press
An essential handbook for the law and business of digital media, offering a practical approach to contracts and documentation. Contains sections on commercial and legal themes, acquisition and development, licensing and distribution.
Sportspersons
- 2015
- S.Arnold
- Wolters Kluwer
Tax digest on the taxation of athletes and sportspeople. Contains sections: residence and domicile; trading versus hobby; service companies; employees including (directors); and non-resident sportspersons performing in the UK. Includes worked examples.
Terms of use
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.
Useful links
Selected links to entertainment, sport and media related news, guidance, statistics and reports.
Accounting for football clubs
- ICAEW Library and Information Service
Accounting for sports clubs is a specialist area that requires expertise and an understanding of the industry. On this page you can access a range of articles, books and online resources providing quick links to practical guidance and background knowledge.
Accounting for the film and broadcast media industry
- ICAEW Library and Information Sevice
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.
Accounting for typical transactions in the football industry
- PwC
PWC report providing practical insights into the application of IFRS in the football industry. It reflects the typical financial reporting challenges faced by many football clubs, ranging from player transfer-related issues and stadium leases to how to recognise revenue from various sources. The original publication from 2018 has been updated in 2024 with two new example solutions: one on player exchanges, and the other on player contract term options.
Charities SORP example accounts
- Charity Commission
Example charity accounts for an Arts Theatre Trust company which is operating a theatre and related activities. The charity has opted to prepare its accounts using FRS 102 and following the charities SORP (FRS 102).
Paying the Price: The sixth ISM Brexit report
- Independent Society of Musicians (ISM)
A report from the Independent Society of Musicians (ISM) on the impact of Brexit on musicians and the music sector. This comprehensive report, which is the first of its kind following the UK’s departure from the EU, uses testimony from over 400 musicians and those in the music industry who have worked in Europe since January 2021. The data was gathered from an open survey of the music sector which was promoted by the ISM.
The state of the arts
- Campaign for the Arts and University of Warwick
Report from the Campaign for the Arts and the University of Warwick, published in July 2024. Provides a health check on the UK’s arts and culture sector, with information and official statistics on arts funding, provision, engagement, education and employment. It reveals the UK has one of the lowest levels of government spending on arts and culture amongst European countries.
Terms of use
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.
Thought leadership
Our thought leadership is intended to change thinking and behaviour. We want to help our members do their jobs as best they can. Ultimately, this will enable people everywhere to do business with confidence..
Find out more 