Theatre Tax Credit Loans

Theatre Tax Relief (TTR), or Tax Credits, is an incentive scheme developed by the Government in aim to support theatrical production companies. This allows theatrical businesses to claim Tax Credits back at the end of the company’s financial year to reinvest into their projects.

The process of claiming Theatre Tax Relief is rigid, forcing you to wait around for the funds you are entitled to. That’s where Buzz Capital comes in, providing advanced Tax Relief Loans based on future Tax Credits. Why wait for an increased cash flow when you can have it now?

You can set the initial stages of a loan application with Buzz Capital in motion by filling out our online application form. Our team will then reach out to you to find a little more information about you, your business, and the amount of money you are looking to advance. If everything runs smoothly, you can have the money in your business account within days.

You are entitled to Theatre Tax Relief if your company puts on one of the following productions: 

– Plays

– Opera

– Musicals

– Ballet

– Dramatic piece 

– Live performances through the playing of roles

Your company cannot claim Theatre Tax Relief for the production if: 

– Wild animals are used in any performances

– The performance includes a competition or a contest

– The production is of a sexually-explicit nature 

– One of the main purposes is to advertise or promote goods/services.

To qualify, the majority of your performances must be played to paying members of the general public. Or, alternatively, be provided for educational purposes. For those looking to claim Theatre Tax Credits, at least 25% of core expenditure must have been spent on goods and services within the European Economic Area (EEA).

Your company must also be actively engaged in planning, negotiating and decision making surrounding contracts, rights, goods and services. If you wish to learn whether your business is eligible for a Tax Relief Loan, get in touch today.

From 27 October 2021 to 31 March 2025 the rates have increased to 45% and 50% respectively.

From 1 April 2025, the rates will be 40% for non-touring exhibitions and 45% for touring exhibitions

Theatre Production Companies can claim TTR on the lower of:

• 80% of the total core expenditure
• The actual EEA core expenditure incurred

The nature of Theatre Tax Relief is inflexible in its structure, forcing you to wait until the end of your company’s year to claim what’s rightfully yours. At Buzz Capital, we do the opposite, providing you with your Theatre Tax Reliefs upfront so you can spend as you please. We aim to have the cash in your business account within a matter of days.