SOLT AND UK THEATRE CELEBRATE SUCCESS OF THEATRE TAX RELIEF SCHEME

UK Theatre and SOLT Celebrate Success Of Theatre Tax Relief Scheme

Today we welcome the publication of the first set of figures following the introduction of Theatre Tax Relief in 2014.

 

UK Theatre (UKT) and Society of London Theatre (SOLT) lobbied for the introduction of the scheme following similar relief for film and other creative industries, and then led the negotiations with HMT and HMRC, including training the industry over the last two years. The scheme has, to date, has provided 1,750 productions with £60.3 million of tax relief. A survey produced SOLT and UKT found that the relief had had allowed producers to become more adventurous, and compensated for reductions in funding from other sources.

 

Julian Bird, Chief Executive of SOLT and UKT, said:

 

“The introduction of Theatre Tax Relief demonstrated the importance to our national economy of our billion-pound theatre industry but most importantly has since encouraged a huge amount of investment which has increased jobs and emboldened producers of work in all genres to take bigger, more creative risks. We are also pleased to see that year-on-year there has been a big increase in the number of productions making claims and SOLT and UKT will continue to raise awareness and lobby to help improve how the scheme is administered.”


The full figures are available here.

Number of claims and amount of relief paid on receipts basis, from 2014-15 to 2016-17:

                     
    

Number of Productions

  

Amount (Paid)

Year claim paid

Touring

 

Non-touring

 

Total

Total

2015-16

70

 

105

 

175

14.3

2016-17

490

 

1,080

 

1,570

46.0

Total

560

 

1,185

 

1,750

60.3

 

Date Published: 26 July 2017
SOLT and UK Theatre are the trade associations representing the interests of those engaged in the production and presentation of medium to large-scale dramatic and lyric theatre in the UK.  SOLT represents approximately 200 London-based producers, theatre owners and managers.  UK Theatre represents approximately 250 theatres, concert halls, dance companies, producers and arts centres throughout the UK.


Press Contact:

Dan Austin – DanA@soltukt.co.uk / 020 7557 6729

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"UK Theatre" is the operating name of UK Theatre Association, a company limited by guarantee registered in England and Wales, whose registered office is at 32 Rose Street, London, WC2E 9ET, Company No 323204.