Commentary

D7.1293 Orchestra tax relief—additional deduction relief

Corporate tax
Corporate tax | Commentary

D7.1293 Orchestra tax relief—additional deduction relief

Corporate tax | Commentary

D7.1293 Orchestra tax relief—additional deduction relief

An orchestral production company may claim an additional deduction in respect of qualifying expenditure1. For these purposes, 'qualifying expenditure' refers to core expenditure (D7.1291)2 that would normally be taken into account3 in calculating the profit or loss of the separate orchestral trade for tax purposes. Expenditure which is otherwise eligible for relief under any of the other creative industry reliefs is not 'qualifying expenditure' for the purpose of this relief4.

The relief is claimed through the company tax return (see D7.1290).

Amount of additional deduction

The amount of additional deduction available is determined according

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