OTR20005 - Orchestra Tax Relief: how to make a claim: claims summary
To make a claim forÌý²¹²ÔÌýadditionalÌýdeduction and/or a tax credit, a company must carry out three essential steps.
Ìý
Prepare supporting evidenceÌý
The company must prepare the following evidence, which will beÌýsubmittedÌýas attachments to theÌýadditionalÌýinformation form:Ìý
a computation showing how the amount ofÌýadditionalÌýdeduction and taxÌýcredit has been calculated for eachÌýproductionÌý
a breakdown of production expenditure for each productionÌý
details of any connected party transactionsÌýÌý
HMRC has produced templatesÌýthatÌýcompanies can complete andÌýsubmitÌýto help them with this requirement.Ìý
Ìý
Complete theÌýadditionalÌýinformation formÌý
This online form must beÌýsubmittedÌýbefore (or on the same dayÌýas) the companyÌýsubmitsÌýits claim in its tax return. The form must match the same accounting period that the company isÌýsubmittingÌýits tax return for, and one form must be used forÌýall ofÌýa company’s claims forÌýany of the Creative Industries tax reliefs.Ìý
The form can only be completed by a representative of the company, or an agent acting on behalf of the company.ÌýÌý
The formÌýcontainsÌýeight sections, of which six must be completed as part of a claim toÌýorchestra tax relief. The supporting evidence must be provided as attachments to the form.Ìý
The entire formÌý»å´Ç±ð²õ²Ô’tÌýall have to be completed in one sitting. If the applicant wishes to pause partway, they can save their answers until they return. Draft versions areÌýretainedÌýfor 28 days before deletion.ÌýThe 28-day timer resets each time the applicant revisits the form, but forms that have still not been completed after 90 days will be deleted.
The form cannot be amended after it has beenÌýsubmitted, so if companies wish to make any changes, the form must be sent again in its entirety. The company must then follow this up by amending its CT600, if it has already been sent.Ìý
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Submit aÌýCompanyÌýTaxÌýReturn, including a completed CT600Ìý
In order toÌýcomplete the claim process, the company must make a claim in its CT600 â€� a form that is part of a company tax return. This involves completing the relevant boxes in the ‘Information about enhanced expenditureâ€� section.ÌýÌýFurther guidance is available about the required filing software.Ìý
Claims may be made in an original return or via an amended return.ÌýÌýEither way, claims can only be made or amended digitally, through the online Corporation Tax gateway, following the submission of an additional information form. It is not possible to make claims in other formats (e.g.Ìývia email).Ìý
If a claim is made in the CT600 but is not supported by a completeÌýadditionalÌýinformation form and all the necessary supporting evidence, it will be invalid and will not be processed. HMRC will amend the CT600 to remove the claim and make the company aware in writing.ÌýÌý
As this is a Corporation Tax regime, a company must also meet its normal Corporation Tax requirements (such asÌýsubmittingÌýits financial accounts).ÌýÌý
The time limit to make or amend a claim is normally two years from the end of the company’s period of account (unless the period of account isÌývery long). Any claim received after this will be considered late.Ìý