Music: Tax Allowances
The question
To ask the Chancellor of the Exchequer, what assessment she has made of the potential merits of including the music industry in the creative industries tax reliefs.
Answered by Dan Tomlinson
The Government supports the creative industries, including orchestras, through funding and through the tax system. Specifically in respect of orchestras, Orchestra Tax Relief provides tax relief on production costs and provided £33 million of support in 2022-23.
When considering changes to tax reliefs, the Government takes into account a wide range of factors including costs, complexity, and fairness.
Announcements on tax are made at fiscal events in the context of the overall public finances.
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