Policy paper
Corporation Tax: new permanent rates of relief for theatre, orchestra, museum and galleries tax relief
This tax information and impact note is for the new permanent rates of the 3 corporate tax reliefs known as the ‘cultural tax reliefs’.
Documents
Details
This measure confirms new permanent rates of relief for theatre, orchestra and museums and galleries exhibition tax reliefs. The non-touring and touring and orchestral rates will be set at 40% and 45% respectively from 1 April 2025.
The sunset clause for museums and galleries exhibition tax relief has been removed.
Published 6 March 2024