Theatre Tax Relief Update
3 December 2021
HMRC have confirmed that productions that entered the “production phase” on or after 27 October 2021 will be able to benefit from the new rate of 45% for non-touring shows and 50% for touring shows. They have produced a new guidance note in order to help producers determine the start point of their production phase. This will shortly be available online as well as part of the HMRC guidance.
SOLT/UK Theatre will be hosting a webinar on Tuesday 25 January 2022 14:00-15:30 with the creative industries team at HMRC to discuss the changes to TTR and answer any questions. Register here.