If you or your company are working on a theatre production – good news – you may be entitled to pay less Corporation Tax via Theatre Tax Relief (TTR).
Who can claim Theatre Tax Relief?
Your theatrical production company will be entitled to claim TTR on a production if:
- it is “a play, opera, musical, or other dramatic piece” where the actors, singers, dancers or other performers give their performances wholly or mainly through the (predominantly live) playing of roles.
- 25% or more of the core expenditure on the theatrical production incurred by the company is on goods or services that are provided from within the European Economic Area (EU countries and also Iceland, Liechtenstein, and Norway)
For more information on TTR, consult the Theatre Tax Relief Manual.
This information is for guidance purposes only. Due to the complex nature of the criteria, it is highly recommended that you speak to your accountant before assuming your project qualifies.