The Extra-Statutory Concession to ‘theatre angels’ is to be withdrawn from 31 March 2017.
The Extra-Statutory Concession (ESC) gave special treatment to ‘theatre angels’ regarding the taxation of profits and losses arising from the backing of theatrical productions. This is now to be withdrawn from 31 March 2017.
13 September 2016
HM Revenue & Customs
Tax agent and adviser guidance
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