The government has just announced that the temporary higher rates of theatre, orchestra, and museums and galleries tax reliefs won’t, as planned, return to pre-Covid levels after the 31st March 2025. New and permanently higher rates will be introduced from the 1st April 2025. The new rates will be:
– 45% for OTR; TTR – touring and MGETR – touring, and
– 40% for TTR – non-touring and MGETR – non-touring.
Full details can be found here: Spring Budget 2024



