Theatre Tax Relief

I was pleased to hear that the Government’s Theatre Tax Relief has now come into effect as of 1 September. This measure was announced by the Chancellor in his 2013 Autumn Statement and is designed to provide support for theatres in the form of an additional corporation tax deduction or a payable tax credit. This would be worth up to 25% of qualifying expenditure for touring productions and 20% for all other productions. I am a great supporter of the performing arts within the constituency and I am pleased that the Government has taken steps to support them. For those that wish to find out more information about this tax relief, they can do so by clicking here.

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