Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential impact of making the Theatre Tax Relief permanent on the theatre industry.

At Spring Budget 2024, the government announced that from 1 April 2025, the rate of theatre tax relief will be set permanently at 40% (for non-touring productions) and 45% (for touring productions).

This is a highly generous level of relief that will support theatre companies to continue to put on outstanding home-grown productions. 705 theatre companies benefitted from theatre tax relief in the last year of available statistics.

Further information can be found in HMRC’s Creative Industries Statistics, which can be accessed at: https://www.gov.uk/government/statistics/creative-industries-statistics-august-2023