Corporation Tax Act 2009 section 1217RD

Claim for additional deduction

Section 1217RD sets out how a company that qualifies for orchestra tax relief may claim an additional deduction in respect of the production of a concert or concert series.

• A company qualifying for orchestra tax relief on a concert or concert series may claim an additional deduction for that production.
• The claim is made with respect to a specific accounting period and the additional deduction is calculated in accordance with section 1217RE.
• If the claim is made in a tax return for an accounting period later than the one in which the separate orchestral trade began, the company must amend its earlier tax returns as necessary.
• Any amendments or assessments needed to correct earlier periods may be made even if the normal time limits for making such changes have expired.