Orchestra Tax Relief: separate trade and elections
For the purposes of Orchestra Tax Relief, each concert is considered to be a separate trade. However a company may elect to have a series of concerts treated as a single concert. The election should be made prior to the first concert in the series and should specify all the concerts to be included. The length of the election is a matter for the company and may stretch over more than one accounting period.
The election is irrevocable once made, it cannot be amended.
For more detailed information see Chapter 3