OTR10040 | Orchestra Tax Relief:additional deduction

Relief is given by way of an additional deduction in relation to the core expenditure for the concert or series of concerts.

Core expenditure is

• expenditure on producing the concert or concerts

• includes travel to or from a venue other than its usual place of performance

• at least 10% must be incurred on goods or services that are used or consumed in the United Kingdom

Prior to 1 April 2024, the minimum expenditure condition instead required at least 25% of core expenditure to be European expenditure. Please see OTR50040 and OTR50045 for details.

Core expenditure does not include

• expenditure on the actual performance

• speculative expenditure not involved with putting on a concert

• expenditure not directly related such as financing; marketing; legal services or storage.

For more detailed information see Chapter 6