Theatre Tax Relief

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A tax relief scheme that theatre production companies can claim if they produce, run and close theatre productions.
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Qualifying criteria:

• Must engage in all stages of production
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• Creative, artistic and technical contributions must be effective
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• Negotiation and pay for the rights, goods and services must be done by yourselves
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Eligibility Criteria:

• Must be a commercial production
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• Must have a majority paying audience
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• 25% of core spending must occur within EEA
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• Corporation tax must be up to date - relief will be offset by debt
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If the production is abandoned, the relief can still be claimed for the work done before abandoning. However, it will only be considered abandoned if it was planned and prepared to a theatre production for a paying audience.
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The claim is done via the CT600, the corporate tax return. You claim whichever of the two is lower:

• 80% of core expenses related to production, running and closing of the production.
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• Amount of core expenses on goods/services from the EEA.

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