Theatre Tax Relief Evgeni Vachkov 2019-07-15T09:48:52+01:00 2023-08-14T05:56:51+01:00

Theatre Tax Relief (TTR) Explained

Theatre Tax Relief (TTR) is a government incentive aimed at supporting Theatrical Production Companies. It can financially asist companies that actually produce dramatic productions or ballets for live performance.

By claiming it a production company can reduce its pre-performance costs by 20-25%. In order to qualify, the company must subject to UK corporation tax. 

Theatre tax relief (also known as Theatre Tax Credit) works by allowing theatre producers to claim additional deductions in the company’s tax return reated to the production costs.

Theatre tax credit is offered as a benefit to both profitable and loss-making theatrical companies. One unique aspect is that some businesses that claim corporation tax exemptions can also apply.

Need to check eligibility for theatre tax relief?

Theatre Tax Relief Eligibility

How much theatre tax relief can we claim?

Theatre Tax Relief Calculator

Need example TTR calculation?

Theatre Tax Relief Example

Your company can claim TTR if:

1. it is a theatrical production company

2. the theatrical production meets certain criteria

3. primary focus is to play to a live (paying) audience

4. it has a minimum 25% EEA expenditure

Frequent Questions

Which companies can claim?

How much can I claim?

Is BFI cultural test required?

What productions qualify?

What expenditure qualifies?

How to calculate theatre tax relief?

Why use a Theatre Tax Relief Specialist

While you can take on the responsibility and apply for TTR yourself, there are many advantages of engaging a specialist. From saving hours of writing lengthy application-reports with tax calcualtions to not having to speak to the HMRC tax inspectors.

High Success Rate

Trusted specialists who know how to maximise your claim’s accuracy and value every time.

Your Time = Money

With our innovative process and client focused team it only takes is 2 hours of your time.

Contingent Fee

Pay us only after your claim is approved and you receive your tax benefit from HMRC.

HMRC Enquiry Defence

We commit to defend our R&D tax relief claims free of charge should HMRC enquire.

Laura Duggan

Tax Director

Evgeni Vachkov

Operations Director

Theatre Tax News & Training

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Working with R&D Tax Solutions enables your service offering to be extended without jeopardising client service or quality. We are the trusted tax partner for a variety of businesses. Our team enables the partnerships to flourish with clear transparency of services provided and benefits obtained. Whether you are a boutique consultancy with a select few clients, or an accounting practice with a wide variety of clients our team will give you the peace of mind that your clients interests are our priority.

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0161 298 1010