Breweries & Distilleries

Financial support for pubs, breweries and distilleries

People say pubs are the lifeblood of the UK, but when you think about it, you realise that that title should probably actually be the breweries and distilleries that support them.

That’s part of why we love working with these types of businesses. But brewery accounting and distillery finances can be tough; you’re right to seek support.

With our deep understanding of the industry and expertise in brewery accounting, we’re committed to providing practical solutions to help businesses like yours manage their finances, optimise cashflow, and implement an efficient accounting system.

Whether you’re a small-scale microbrewery or a growing craft distillery, we’re here to support your financial success.

Brewery accounting solutions

At Plus Accounting, we recognise that brewery accounting requires industry-specific knowledge and expertise. We offer a range of services to address various challenges you may encounter on a day-to-day basis.

Here’s just a couple of ways we can help you:

    • Efficient accounting system. A robust accounting system is vital. We’ll assess your current practices and recommend adjustments to improve your actions.
    • Cloud migrations. We’re Platinum Xero Partners, meaning we use Xero to improve our work for our clients. We can help you migrate your accounting systems to the cloud so you can work smarter and get access to your real-time financial information.
    • Cashflow management. We can help you manage your spending and maximise your income streams to do your best business.
    • Tax compliance and planning. Every business has its tax obligations and you’re no different. We’ll help you with your tax returns and look where we can help you reduce your tax bill.
    • Bookkeeping and record keeping. We can help you manage the books and records so you can focus on your business.
    • Business planning. Looking to embark on the next stage of your business journey? We’ll help you make a business plan that guides you to success and entices investors to work with you.

Partnering for success

As accountants looking for fresh experiences, we’re passionate about the craft beverage industry — the clients in this sector are simply unlike any others we work with. So, we want to work with you, too.

We have in-depth knowledge of the challenges you face, and we stay up to date with the industry’s evolving regulatory and financial landscape. We want to share our expertise with you. Get in touch with us to find out how we can help you with brewery accounting.

Jake Standing, Director

Want to learn more?

Get in touch with Jake Standing to see how we can help.

 

Here are our featured sectors

Franchising

VR icon

VR and AR

marketng icon

Marketing

ecom icon

eCommerce

Technology, Media and Innovation

Video Games Development Services

Property and Building Services

Dev icon

Animation Studio Accounting

SAAS icon

SaaS Accounting

Healthcare and GP’s Services

Hospitality, Food and Drink

Restaurants

Breweries & distilleries

 Services 

What is Video Games Tax Relief (VGTR)?

 

Video games tax relief (VGTR) was introduced in April 2014 as part of the Government-backed creative industry tax relief.

To show HMRC your company is eligible to claim VGTR, your company must hold an interim or final certificate for the game you’re claiming for. These certificates are issued by the British Film Institute (BFI).

To obtain certification from the BFI, your company must pass a cultural test, certifying that the production is a British video game. And you can claim VGTR up to two years after a qualifying accounting period.

Image

Does your video game qualify for tax relief?

Your company qualifies for and can claim creative industry tax reliefs if it is:

  • liable to corporation tax
  • directly involved in the production and development of video games eligibility

Your company will be entitled to claim VGTR if the video game is British and:

  • the video game is intended for supply rather than as a marketing tool, for example.
  • at least 25% of core expenditure is incurred on
  • goods or services provided within the European Economic Area (EEA).

If your company qualifies to claim VGTR, your company is also entitled to:

  • an additional deduction in computing its taxable profits
  • where that additional deduction results in a loss, to surrender losses for a payable tax credit.

The games that are eligible for video games tax relief include:

  • video console games
  • games for PCs
  • games for mobile devices, such as smartphones and tablets.

The ‘cultural test’

To qualify for the relief, all video games must pass a cultural test with the British Film Institute (BFI), certifying that the production is a British video game.

You can still send an application if the game is under development, and a final certificate will be made available once completed. The BFI will then review the completed game before issuing a final certificate.

What do you need to start a video games tax relief claim?

  1. Confirmation of the start date and end date of the development of each video game subject to a VGTR claim.
  2. A copy of the interim or final certificate issued by the British Film Institute for each video game underdevelopment during the accounting period, which confirms a game is culturally British.
  3. Details of estimated and actual income for each video game under development, which is subject to a
  4. VGTR claim.
  5. Details of estimated and actual expenditure incurred on the development of each game.

Download our Indie Dev Guide to Video Games Tax Relief here

Level up your finances: the ultimate guide to video games tax relief in 2024

Download

See how we can help you...

We believe in being involved with the local business community and that is why we network extensively, host regular business seminars, write blogs and have many trusted, professional contacts