Theatre Tax Relief Accountants

Our Theatre Tax Relief service  

Hawsons offer a specialist tax service to companies who are considering making a claim for Theatre Tax Relief.

Our team is experienced at guiding you through the claims process to maximise the levels of tax relief obtained. Using our knowledge and experience, we can help reduce your company’s tax burden or claim a repayable credit.

 

A tax incentive often overlooked

The Government introduced Theatre Tax Relief in 2014 to support theatrical production companies.

We believe that many companies are still missing out on this valuable tax relief.

 

What are the benefits?

Theatre Tax Relief allows theatre producers to claim additional deductions in the company’s tax return for qualifying production costs.

For every £100 of qualifying costs incurred in producing a theatrical production, an additional deduction of £80 can be claimed. So, the net cost is only £65 for every £100 spent.

If the company is loss-making, there is scope to surrender the loss and claim a repayable tax credit from HMRC, equal to 20% (25% for touring productions) of the surrendered loss. So,  a refund of up to £16 can be recovered for every £100 of qualifying production costs for non-touring productions and refund of up to £20 can be recovered for every £100 of qualifying productions costs for touring productions.

 

Want to find out more information?

 

Contact us 

We pride ourselves on our proven track record of successful claims and we are committed to assisting our clients in maximising their claims to include all eligible costs.

We would be happy to discuss whether you might be able to qualify for Theatre Tax Relief and answer any queries you may have.

 
Contact us for a free initial consultation
 

More from our tax experts

You can find all of our latest tax articles and tax resources here.

If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.

Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.

Theatre Tax Relief Brochure

Free initial consultation

Stephen Charles Partner

Stephen Charles

Tax Partner, Sheffield

0114 266 7141

[email protected]

Craig Walker

Tax Director, Sheffield

0114 266 7141

[email protected]

David Cairns

David Cairns

Tax Partner, Northampton

01604 645 600

[email protected]

Aaron Hemmington

Aaron Hemmington

Tax Director, Northampton

01604 645 600

[email protected]