UK theatres and other arts and cultural organisations have welcomed the extension of tax relief announced in today’s Budget. Chancellor Jeremy Hunt extended the higher rates of Theatre Tax Relief (TTR), Orchestra Tax Relief (OTR) and Museums and Galleries Exhibitions Tax Relief (MGETR) for two years. The temporary higher headline rates of relief will be …
UK Music calls for Government to support music industry in upcoming Budget
UK Music, which acts as a collective voice for the music industry, has called on Chancellor Jeremy Hunt to use the upcoming Budget to boost jobs and growth within the music sector. Ahead of the March 15 Budget, UK Music chief executive Jamie Njoku-Goodwin has written to the Chancellor to call for his backing on …
Mini-budget a ‘missed opportunity’ to help sector
UK Chancellor Kwasi Kwarteng revealed a ‘mini-budget’ today that outlined a series of tax cuts, however members of the creative and entertainment sector feel the support is not enough. While the basic rate of income tax has been cut, the 45% top rate of tax for higher earners has been abolished, and an increase in …
Melbourne events set to receive cash injection
Melbourne (pictured) is set to receive a A$25m (£14m/$17m/€17m) boost from the City of Melbourne council to invest in events and attract visitors. The draft Budget 2022-23 is due to be released tomorrow (Tuesday), which will include a major event and festival program to encourage people to visit the Australian city, support local businesses and …
Mixed feelings over Budget from live entertainment sector
The UK’s Chancellor of the Exchequer Rishi Sunak announced the key points of his Budget for 2022 in the House of Commons yesterday (Wednesday). There has been a mixed response from the live entertainment and music sector over the related points made in the Budget and Spending Review, with some urging the Government to do …