Finance Bill 2016: Orchestra Tax Relief

There are currently tax reliefs provided for orchestras.

With effect from 1st April 2016 qualifying companies engaged in the production of orchestral concerts will be able to claim tax relief at a rate of 25% on qualifying expenditure.

This measure will allow qualifying companies to obtain a tax benefit which will enable them to reduce the costs associated with orchestral productions. The government hope this measure will lead to more orchestral concerts in the future.