Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to HMRC's policy paper entitled Clarifications of the rules for cultural tax reliefs, updated on 22 November 2023, what assessment he has made of the potential impact of the proposed changes to section 1217FA of the Corporation Tax Act 2009 on (a) immersive and (b) experiential experimental work.
Provided immersive or experimental productions meet all the qualifying criteria for theatrical productions as set out in Section 1217FA of the Corporation Tax Act 2009, they should be entitled to Theatre Tax Relief.