[ˈθɪətə tæks rɪˈliːf]
Theatre Tax Relief is a tax relief scheme in the UK that eligible theatre production companies can claim through a corporate tax return.
Theatre Tax Relief is a UK government initiative introduced in 2014 that provides tax incentives to theatre production companies.
To qualify, the theatre production company must be actively engaged in planning and decision-making at all stages of production, they must directly negotiate, contract and pay for rights, goods and services, and they must be responsible for putting on the production from start to finish.
Theatre production companies must also allocate 25% of their core costs to be spent on good or services provided from within the UK or European Economic Area (EEA).
Theatre Tax Relief allows companies to claim the lowest of either 80% of total core spending, or the amount of core expenditure on goods or services that are provided from the UK or EEA.
It can be claimed through a corporate tax return.
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