Corporation Tax Act 2009 section 1217T

Provisional entitlement to relief

Section 1217T sets out the conditions under which a company producing orchestral concerts can claim orchestra tax relief on a provisional basis during interim accounting periods before production activity has ceased.

• An interim accounting period is any accounting period during which the company carries on a separate orchestral trade, prior to the period in which it ceases to do so.
• To claim orchestra tax relief for an interim accounting period, the company must state in its tax return the amount of planned core expenditure that qualifies as UK expenditure.
• The stated amount of UK expenditure must be sufficient to indicate that the UK expenditure condition will be met for the production as a whole.
• If both requirements are satisfied, the company is provisionally treated as having met the UK expenditure condition for that interim period.