To ask the Chancellor of the Exchequer, whether he has made an assessment of the implications for his policies of extending the current rate of Theatre Tax Relief beyond April 2025.
Answered on
23 February 2024
The government recognises the value of the UK’s world-leading theatre sector.
That is why at Spring Budget 2023, the government went further to support theatres by announcing a 2-year extension to the current 45% (for non-touring productions) and 50% (for touring productions) rates of theatre tax relief (TTR). These rates will now taper to 30%/35% on 1 April 2025 and return to 20%/25% on 1 April 2026.
The government keeps all tax reliefs under review. Any changes will be announced at a fiscal event.
Answered by
Treasury