Tax Reliefs: Theatre, Orchestra and Museums and Galleries Exhibition

Debate between Baroness Keeley and Lord Livermore

Tuesday 15th October 2024 Lords Chamber

[Lord Livermore (Lab)]

Orchestra concerts with a vocal element are not excluded from the orchestra tax relief. Concerts with a vocal element, such as a choir, may be eligible if the instrumentalists are the primary focus of the concert. The current rules ensure that the orchestra tax relief meets its objective of supporting and incentivising orchestra concerts specifically.

[Baroness Keeley (Lab)]

My Lords, on the benefits of the orchestra tax relief, the permanent 45% rate has been transformative. It enables UK orchestras to build new audiences, support new productions, generate employment and develop future talent. The cost of the orchestra tax relief was only 1.5% of the total creative tax reliefs in 2022-23. Does my noble friend the Minister agree that keeping this tax relief is consistent with the Labour Government’s mission for economic growth?

[Lord Livermore (Lab)]

I am grateful to my noble friend for her question. The creative industries are absolutely a major driver of economic growth in this country. She will be aware that I am unable to comment on speculation about specific taxes. In the coming Budget, we must rebuild our public finances to ensure economic stability, including by addressing the £22 billion black hole inherited from the previous Government, which will involve difficult decisions on spending, welfare and tax.