Budget 2023: Two year extension of the higher rates for theatre, orchestra, and museums and galleries exhibition tax reliefs

Two year extension of higher rates for theatre, orchestra, and museums and galleries exhibition tax reliefs

This measure temporarily extends the higher rates of relief for the Theatre Tax Relief (TTR), Orchestra Tax Relief (OTR), and Museums and Galleries Exhibition Tax Relief (MGETR) for two additional years. The rates will be gradually reduced down to normal rates by 1 April 2026.