Orchestras: Tax Allowances
(asked on 19th January 2015) - View Source
Question to the HM Treasury:
To ask Her Majesty’s Government when the tax breaks to orchestras will be implemented; and what value they estimate the tax breaks will represent to orchestras.
This question was answered on 2nd February 2015
At Autumn Statement 2014, the government announced it would introduce a new tax relief for orchestras from April 2016. The government launched a consultation on 23 January 2015 to help inform the design of the relief. The value of the relief will depend on the final design and more detail will be set out later this year.