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Theatre Tax Relief

Who it is for

Your company must:

• be actively engaged in planning and decision-making
• directly negotiate, contract and pay for rights, goods and services
• be responsible for putting on the production from start to finish, including either:
  • employing
  • engaging the performers

Support you can get

You can claim an additional deduction to reduce your profits or to increase a loss. This will reduce the amount of Corporation Tax you will need to pay.

The additional deduction will be the lower of:

• 80% of total core costs
• the amount of core costs on goods or services that are provided from the UK or EEA - from 1 April 2024, it is the amount of core costs relating to activities in the UK

If you make a loss, some or all of this loss can be surrendered for a payable tax credit.

The current rate for surrendering losses is 40%. You can surrender losses at a higher rate of 45% if your production is touring.

How to apply

Claim the tax relief on your Company Tax Return.

Support organisers

• HM Revenue & Customs

Next Steps

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