Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent assessment he has made of the potential merits of extending the cultural tax reliefs beyond 31 March 2025.

The government recognises the value of the UK’s world-leading creative industries and arts sectors.

The ‘cultural tax reliefs’ consist of theatre tax relief (TTR), orchestra tax relief (OTR) and museums and galleries exhibitions tax relief (MGETR).

There is no end date for the TTR or OTR.

MGETR will end on 1 April 2026. The sunset clause for MGETR was extended to this date at Spring Budget 2023, to enable museums and galleries to benefit from the extension of the 40% (for non-touring productions) and 45% (for touring productions) rates of the cultural reliefs. However, the Government keeps all tax reliefs under review.