Claim Your Theatre Tax Relief
COUNTING KING Why choose Counting King? Our Simple 5 step process for Claiming Theatre Tax Relief
We will get you the maximum compliant available Theatre Tax Relief for your company You will get a dedicated Tax Analyst to review and guide your claim Competitively low fees, so you never pay more than you should Fully compliant Theatre Tax Relief application from start to completion including any HMRC questions
Step 1
Discovery Meeting: We get to know you and your business to confirm if it qualifies as the Theatre Production Company (TPC) and therefore eligibility for the relief
12 months rolling contract (No worry about any long-term commitments)
Step 2
Second Meeting: A more in-depth meeting to get a full understanding of your business and that the production qualifies (a play, opera, musical, ballet or other dramatic piece)
A new claim application must be made per eligible project (rather than per year like with other incentives)
Step 3
Cost Eligibility Check: During the in-depth meeting, we will also ensure that your business meets the other criteria, for example at least 25% of the ‘core costs’ are spent within the UK or European Economic Area (EEA)
Step 4
Benefit Calculation: We will analyse all the eligible costs and calculate the maximum benefit based on your company’s tax position
Step 5:
Submission: We will submit the completed documents within 2 weeks to HMRC, who aim to complete processing within 28 days
Contact Us Tel: 0161 667 5069 Email: info@countingking.co.uk Website: www.countingking.co.uk
Additional information:
In the 2021 Autumn budget, it was announced that the rates of relief for Theatre Tax Relief were increased temporarily. For theatres the standard rate is 20% for non-touring productions and 25% for touring productions. This has increased to 45% for non-touring and 50% for touring productions from 27 October 2021 until April 2023. From April 2023 the rates will be 30% for non-touring productions and 35% for touring; before returning to the standard rates in April 2024. To qualify for the higher rates of relief the production phase must have started on or after 27 October 2021
Access to expert knowledge such as: • Ex-HMRC Inspectors • IP/Patent Lawyers • Innovate UK/Grant Specialist • Leading Industry Professionals