Finance Bill Update

The committee stage for the Finance Bill starts in the House of Commons this week. This means that MPs will have the opportunity to propose amendments to the legislation and seek clarifications regarding its intentions. The Bill is of interest to SOLT & UK Theatre because it will change the way Theatre Tax Relief operates.

Whilst there have been some positive amendments to the Bill since it was introduced in draft form last summer, we have some outstanding concerns regarding how the Bill will be interpreted so we have shared this briefing with policy makers to help secure clarity for our members. We will continue to monitor the progress of this legislation and update members later this month.