OTR10040 - Orchestra Tax Relief:additional deduction

Relief is given by way of an additional deduction in relation to the core expenditure for the concert or series of concerts.

Core expenditure is

• expenditure on producing the concert or concerts
• includes travel to or from a venue other than its usual place of performance
• at least 25% must be incurred on goods or services from within the United Kingdom or European Economic Area (EEA)

It does not include

• expenditure on the actual performance
• speculative expenditure not involved with putting on a concert
• expenditure not directly related such as financing; marketing; legal services or storage.

For more detailed information see Chapter 6