Commentary

D7.1290 Orchestra tax relief—qualifying conditions: overview

Corporate tax
Corporate tax | Commentary

D7.1290 Orchestra tax relief—qualifying conditions: overview

Corporate tax | Commentary

Orchestra tax relief

D7.1290 Orchestra tax relief—qualifying conditions: overview

Orchestra tax relief takes two forms, additional allowable deduction and orchestra tax credit1. The additional deduction is the lower of2:

  1.  

    •     the expenditure which is qualifying European expenditure (ie qualifying UK or EEA expenditure), or

  2.  

    •     80% of the total amount of qualifying expenditure

The payable tax credit is 25% of losses surrendered3.

A company qualifies for orchestra tax relief if4:

  1.  

    (a)     it is the production company

  2.  

    (b)     the concert is a qualifying orchestral concert — ie there are at least 12 instrumentalists and the majority of the instruments are not

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