TTR60010 - Claims: how relief is claimed
Theatre Tax Relief (TTR) is a corporation tax relief. The theatre production company (TPC) must claim the relief for each relevant accounting period through Corporation Tax Self Assessment (CTSA). The TPC must complete the appropriate section (“Information about enhanced expenditure”) in the CT600 tax return form.
For claims made on or after 1 April 2024, the tax return must also be accompanied by an additional information form, completed before or on the same day as the tax return is submitted. This form must contain the required supplementary information (see TTR60020).
A list of recognised suppliers that provide software for tax returns and supplementary pages is available at Corporation Tax: commercial software suppliers (GOV.UK). Questions about the software being used should be directed to the software or service provider.
From 1 April 2019, all claims which are made in an amended CTSA and that are not made through through the online COTAX gateway, must include a completed CT600 and a corporation tax computation.
Additional deduction
The TPC should indicate that it is claiming TTR using the software that it is submitting its return with. All returns are now expected to be filed online. The relevant boxes to complete are as detailed below depending on the return version used.
| Description | CT600 Version 3 Box number |
|---|---|
| Tax due | 525 |
| Creatives tax credit | 540 |
| Amount claimed | 545 |
| Amount payable | 570 |
| Creatives enhanced expenditure/additional deduction | 665 |
| Enhanced expenditure | 670 |
| Payable creatives tax credit | 885 |
Example
A TPC incurs total expenditure of £450k on a qualifying production. Of this expenditure, £400k is core expenditure. £300k (75%) of that core expenditure is UK expenditure and £100k (25%) is non-UK expenditure. The company is entitled to the following deductions:
- £450k 'ordinary' deduction, plus
- £300k additional deduction (the core UK expenditure is less than 80% of £400k, so it all qualifies (TTR55020)).
Giving a total deduction of £750k.
The figure that should be entered in box 670 (the 'enhanced expenditure') is £300k.
Theatre Tax Credit
If the company is claiming payable Theatre Tax Credit (TTC), then it should enter the gross amount of the tax credit before any payment of tax is due in the relevant boxes as above.
Supplementary information
Claims should be supported by certain additional information, using the additional information form. There are two cases with differing requirements:
- productions which are completed within a single accounting period, and
- productions that span more than one period.
Each of these cases is covered at TTR60020.