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💡 Are you innovating without realising it?R&D tax relief is not just for businesses with laboratories, scientists or ded...
21/10/2026

💡 Are you innovating without realising it?

R&D tax relief is not just for businesses with laboratories, scientists or dedicated research teams.

You could be carrying out qualifying R&D if your business is:

🔧 Developing a new product or process
💻 Creating or improving software
⚙️ Overcoming technical challenges
📈 Making significant improvements to existing systems
🧪 Testing different approaches because the solution was not readily available

The key question is not simply, "Did we create something new?"

It is whether you were trying to achieve an advance in science or technology and had to overcome genuine technological uncertainty along the way.

Many businesses overlook R&D because they simply see this work as part of the day job.

That can mean valuable tax relief is missed.

👉 If you are unsure whether your projects could qualify, speak to the Pennyhills R&D team.

Find out more: https://pennyhills.com/rd-tax-credits/

14/10/2026

🎬 The new AVEC rules are bringing important changes for film, TV and games productions.

A key update is the removal of the previous 80% cap on qualifying Visual Effects costs. Eligible UK VFX expenditure may now benefit from an enhanced net relief rate of up to 29.25%. 📈

For producers, this could open up valuable opportunities when planning budgets and structuring projects across different territories. But getting the production structure, contracts and claims right remains essential.

In this video, Nidhi breaks down the changes and explains what producers should be thinking about when planning future projects.

💬 Want to understand what the new rules could mean for your production? Speak to the Pennyhills team 👉 https://pennyhills.com/contact-us/

13/10/2026

🎬 Are you planning an independent film for 2026 or 2027?

The new Independent Film Tax Credit could offer a headline relief rate of up to 53%, creating a significant opportunity for qualifying productions 📈

However, eligibility depends on meeting specific BFI criteria, and many of the decisions that influence qualification are made during the earliest stages of development.

In this video, Nidhi explains why tax planning should start well before investor discussions begin and what producers need to consider when structuring their projects.

👉 Thinking about your next production? Speak to our team:
https://pennyhills.com/contact-us/

07/10/2026

Building the Game Is Complicated Enough 🎮🕹️

The tax credit doesn't need to be.

Video Games Expenditure Credit (VGEC) can provide valuable support to qualifying UK game development companies, but understanding the rules and navigating a claim requires specialist knowledge.

That's where we come in.

You concentrate on the gameplay, characters, mechanics and getting the thing launched.

We'll deal with the tax bit.

Find out how Pennyhills supports video game developers with VGEC.

https://pennyhills.com/rd-tax-credits/creative-tax-credits/

05/10/2026

🎬 Production incentives are becoming an increasingly important part of film and television financing.

For producers, getting incentive planning right from the beginning can help strengthen project funding, support investor conversations and improve the overall financial structure of a production.

In this video, Nidhi explores the growing role of production incentives and why they should be considered early when putting a project together.

💬 Planning your next production? Speak to the Pennyhills team to find out how we can help.

https://pennyhills.com/contact-us/

What Difference Can an R&D Specialist Actually Make? 🔍💡We could tell you we're R&D tax specialists. But we'd rather show...
01/10/2026

What Difference Can an R&D Specialist Actually Make? 🔍💡

We could tell you we're R&D tax specialists. But we'd rather show you.

When NetAutomate approached Pennyhills, they were already making R&D tax relief claims. After reviewing their projects and expenditure, our team identified additional eligible R&D that had previously been missed.

And that's an important distinction.

An R&D adviser shouldn't simply process the information they're given. They should understand the business, ask the right questions and dig into the work that's actually being carried out.

Read the NetAutomate story via the link 👇
https://pennyhills.com/case_study/taking-over-rd-tax-credit-advisory/

30/09/2026

Could New Tax Reporting Rules Affect Your Production Cash Flow? 🎬🎮

If you're budgeting a new film, TV or games project, there's an important change to have on your radar.

From April 2026, Creative Industries tax relief claims require the new CT600P form, with detailed reporting for AVEC and VGEC.

With software providers adapting to the requirements, getting the compliance side right is important. Missing key steps could delay valuable tax relief and, in turn, have an impact on production cash flow. 💷

In this video, Nidhi explains what producers, studios and games developers need to know, and why it's worth preparing early rather than dealing with problems when it's time to claim.

Questions about AVEC, VGEC or an upcoming production? Speak to our team.
https://pennyhills.com/contact-us/



https://pennyhills.com/contact-us/

23/09/2026

Film & TV Tax Relief Is Changing. Are You Ready? 🎬👀

With AVEC set to fully replace the previous Film and TV Tax Relief schemes by April 2027, producers need to understand how the expenditure credit model works and what it could mean for future projects.

The good news? The UK remains a highly competitive destination for film and television production. 🇬🇧

The challenge is navigating the rules around qualifying expenditure, compliance, VFX enhancements and the Independent Film Tax Credit.

In this video, Nidhi explains what producers should be thinking about now, and why planning early can help avoid costly surprises later.

Planning a production? Speak to our team👇
https://pennyhills.com/contact-us/

When Did You Last Speak to Your Accountant? 📞👀Last week? Last month?Or was it when they needed something for your year-e...
22/09/2026

When Did You Last Speak to Your Accountant? 📞👀

Last week? Last month?

Or was it when they needed something for your year-end accounts?

We think an accountant should be someone you can pick up the phone to throughout the year.

Thinking about hiring someone? Call us. Planning a big investment? Tell us. Business has suddenly taken off? We'd definitely like to know.

Because the conversations you have before making a big decision can often be far more valuable than the accounting work that happens afterwards.

That's the kind of relationship we want with our clients.

Want an accountant who's part of the conversation?
https://pennyhills.com/contact-us/

17/09/2026

Lights, Camera... Tax Credits? 🎬💷

Great accountants won't improve the script, find the perfect location or get that final edit over the line.

But they can help make sure you're taking advantage of the financial support available to your production.

That's where specialist knowledge of the creative industries matters.

From understanding qualifying expenditure to navigating Audio-Visual Expenditure Credit (AVEC), we work with creative businesses so they can spend less time worrying about tax and more time doing what they're brilliant at.

Making something? We'd love to hear about it.
https://pennyhills.com/rd-tax-credits/film-tax-credits/

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30 Churchill Place
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E145RE

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Wednesday 9:30am - 5:30pm
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