Dr Alice Carter, treasurer of Henley Symphony Orchestra, explains how claiming Orchestra Tax Relief (OTR) has bridged the income gap in difficult financial times
Why did your group decide to claim OTR?
The financial benefit is substantial. This has kept us afloat through some very challenging times. We lost a major sponsor a few years ago and OTR has kept us going!
Orchestra Tax Relief (OTR) is a government initiative for instrumental groups (not only orchestras!) where you could receive a payment from HMRC equal to a percentage of your production costs.
Despite being called 'Orchestra Tax Relief':
the initiative can apply to many types of instrumental group – so don’t be put off if your group is not a traditional orchestra
you don’t have to be paying tax to claim it.
Groups who put on eligible performances can submit a claim to HMRC each year for the payment.
This online webinar will introduce you to Orchestra Tax Relief, a new source of income for instrumental groups with 12 or more performers, explaining what it is and how your group can benefit from it.
You can find out more about OTR, including whether you are eligible and how to claim, in our resources:
This introduction is the first of three documents on Orchestra Tax Relief (OTR). It gives you an overview of what it is and how it works, and an overall idea if this is something your group would like to look into.
To help you decide we also have two additional documents –
