From The Independent
Theatre productions and regional touring companies are in line for at least a fifth off their tax bills under a new tax break confirmed by the Chancellor.
George Osborne first announced a consultation on “limited corporation tax relief for commercial theater productions and a targeted relief for theatres investing in new writings or touring productions to regional theatres” last December at the time of his Autumn Statement.
From 1 September, Mr Osborne has proposed making relief available at 25 per cent on any initial investment and 20 per cent thereafter, with the full details set to be published after the Budget.
The measures will cover opera and dance as well as plays and musicals.
The Treasury said it wanted to recognize the “unique value that the theater sector brings to the UK economy”.
What "unique value" to the UK economy. They pay taxes, they provide things that people want. How is that different to video game companies, Dyson and Ann Summers?
And what contribution does opera and dance make? We already shovel millions in lottery money at them, but now they're apparantly a net contributor? Really?