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HMRC internal manual

Theatre Tax Relief

Claims: amending returns

S1217NA Corporation Tax Act 2009

The normal time limits for amending returns and making assessments are overridden in certain circumstances.

This will occur where the Theatrical Production Company (TPC) is required to amend a return to reflect the fact that the TPC was not entitled to Theatre Tax Relief (TTR) for a period because of the level of EEA expenditure failing to achieve at least 25% of core expenditure on the theatrical production.

This applies to assessments and situations where the TTR claim was in excess of the amount the TPC was eligible to.

Where, under the amended return, the TPC is entitled to less relief than under the original return and therefore has to repay HMRC, interest will be due.  Penalties will not typically be due unless the erroneous claim was made deliberately or due to carelessness.

This is the case regardless of whether the TTR simply reduced the Corporation Tax payable by the TPC or a claim for Theatre Tax Credit was made.