Orchestra Tax Relief

Orchestra Tax Relief (OTR) is a new creative industry tax relief which was introduced on 1 April 2016 and is designed to encourage and support orchestras throughout the UK. As with other creative industry tax reliefs, OTR increases the level of deductible expenditure available for corporation tax purposes. Should this result in a taxable loss, the loss may be surrendered for a payable tax credit.

If you would like to know more about OTR, click here to download our Comment On or contact Catriona Finnie at charities@chiene.co.uk.

See more about other creative industry tax reliefs.