Academy Awards
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | Academy of Motion Picture Arts and Sciences | Best Director | Hugh Hudson | Nominated |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Editing | Terry Rawlings | Nominated |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Score | Vangelis | Won |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Original Screenplay | Colin Welland | Won |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Supporting Actor | Ian Holm | Nominated |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Costume Design | Milena Canonero | Won |
| 1981 | Academy of Motion Picture Arts and Sciences | Best Picture | David Puttnam | Won |
British Academy of Film and Television Arts
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | British Academy of Film and Television Arts | Best Supporting Actor | Ian Holm | Won |
| 1981 | British Academy of Film and Television Arts | Best Picture | Hugh Hudson | Won |
| 1981 | British Academy of Film and Television Arts | Best Costume Design | Milena Canonero | Won |
Cannes Film Festival
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | Cannes Film Festival | Best Supporting Actor | Ian Holm | Won |
Directors Guild of America
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | Directors Guild of America | Best Director | Hugh Hudson | Nominated |
Golden Globes
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | Hollywood Foreign Press Association | Best Foreign Film | Won |
National Board of Review
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | National Board of Review | Best Picture | Won |
New York Film Critics Circle
| Year | Award | Category | Cast & Crew | Result |
|---|---|---|---|---|
| 1981 | New York Film Critics Circle | Best Cinematography | David Watkin | Won |
