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<p>Orchestras are a crucial part of the UK arts sector. That is why at Spring Budget
2023, the government went further to support orchestras by announcing a 2-year extension
to the current 45% (for non-touring productions) and 50% (for touring productions)
rates of orchestra tax relief (OTR).</p><p> </p><p>From April 2024, qualifying expenditure
for OTR will be that incurred on goods and services used or consumed in the UK. To
qualify, 10% of expenditure on a production must be incurred on goods or services
that are used or consumed in the UK. This is a significant decrease from the current
requirement for 25% of expenditure to be incurred on goods or services in the UK or
EEA. The government expects this will support companies in adjusting to the new rules.</p><p>
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