Tax relief – Orchestra

23 April 2022 / Insight posted in Technical guidance

Some orchestral concerts are eligible for orchestra tax relief. This relief can increase the amount of expenditure that is allowable as a deduction for tax purposes or, if the company makes a loss, can be surrendered for a payable tax credit. This can provide a subsidy towards the costs of producing an orchestral concert or, by election, an orchestra concert series.

At the Autumn Budget 2021, the government announced an increase in the rate of orchestra tax relief from 25% to 50% with effect from 27 October 2021 (Budget day). The rate is set to decrease to 35% from 1 April 2023 and again to 25% from 1 April 2024 onwards. At the same time, some changes were announced to clarify or amend some of the conditions for relief to ensure that it continues to meet the policy objectives. Those changes have effect for productions or series of productions where the production process starts on or after 1 April 2022.

Please download our flyer for detailed information on the relief.