Corporation Tax Act 2009 section 1217Q

Separate orchestral trade

Section 1217Q establishes the requirement for companies claiming orchestra tax relief to treat their qualifying concert activities as a separate trade from all their other activities.

• A company qualifying for orchestra tax relief must treat its activities for each qualifying concert as a separate trade, distinct from all other activities
• Where a company elects to treat a series of concerts as a single unit for relief purposes, the entire series is treated as one separate trade
• A concert that is not included in an elected concert series is treated as its own individual separate trade
• The separate orchestral trade for a single concert is treated as starting at the beginning of the pre-performance stage, or when the company first receives income from the concert, whichever is earlier