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The pandemic affected many companies in the creative sector, with public venues shut and the ban on large gatherings preventing live performances from taking place. The closure of cinemas also saw many films being released on streaming services instead.

In response, the government will introduce a number of changes that will extend or increase the Creative tax reliefs currently available. With the exception of the ability to switch between Film Tax Relief and High-End TV Relief, these measures are temporary.

Creative tax credits rates increases

Relief  Original Rate 27/10/2021 -
31/03/2023
2023/2024

1 April 2024
onwards

Museums and Galleries Exhibition Tax Relief (MGETR)
Non-touring

Touring

 20%

25%

 45%

50%

 30%

35%

 TBA

Theatre Tax Relief (TTR)


Non-touring

Touring

20%

25%

 45%

50%

 30%

35%

 20%

25%

 Orchestra Tax Relief (OTR)  25%  50%  35%  25%

 

Museum & Gallery Exhibitions Tax Relief (MGETR)

Switching between Film Tax Relief and High-End TV Relief

Useful guides on this topic

Museum & Gallery Exhibitions Tax Relief
What is Museum & Gallery Exhibitions Tax Relief? When does it apply?

Film, Animation & TV Tax Relief
Film, Animation and TV tax relief are three reliefs that are part of the UK's suite of creative industry tax reliefs.

Orchestra Tax Relief
Finance Act 2016 introduced the new Orchestra Tax relief with effect from 1 April 2016. This relief applies for Corporation Tax.

External links

Cultural Relief Rate Rises for Theatre, Orchestra, and Museums and Galleries Exhibition Tax Reliefs

Extension to Museum & Galleries Exhibition Tax Relief sunset clause

Theatre, Orchestra, and Musuems & Galleries Exhibition Tax reliefs

Switch between Film Tax Relief and High-End TV Relief during production


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