The short version: Theatre Tax Relief is a Corporation Tax relief for companies that produce theatrical performances. It reduces the tax bill for qualifying productions.
Who can claim?
Theatre production companies that are actively involved in producing, running, and closing shows. You need to be making creative decisions, not just financing someone else’s production.
What are the conditions?
The production must be for a paying audience. At least 25% of core expenditure must be in the UK or EEA. You must meet the cultural test or qualify through an official co-production treaty.
How much can you claim?
A percentage of qualifying expenditure, either as a deduction from profits or a payable credit if you’re making a loss. The exact rates depend on whether it’s a touring or non-touring production.
Running a theatre company? We can help you claim the relief you’re entitled to.
