We have looked at the budget through the lens of Making Music members, and there are a few points to draw to your attention. Orchestra Tax...
You can use the forms below to sign up for our Orchestra Tax Relief (OTR) claim service.
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Sign up for our OTR service For groups who have never claimed OTR before Request our OTR service For groups who have already claimed OTR with us at least once |
To sign up for the service you must be using a separate production company to produce your concerts and claim OTR. You do not have to be using the Making Music model Memorandum & Articles of Association document for your production company.
If your income is over £100K, you cannot sign up for the service. However, we can point you in the direction of tax specialist who can help – contact us to find out more.
If you are unsure if OTR is for you, or want to find out more about how it works, please read our detailed guidance or watch our OTR webinar recording – and if you have any questions you can contact us.
What does the service include?
- A template spreadsheet for producing your year-end accounts. It is based on our accrual accounting spreadsheet but has extra worksheets and formulas to produce a balance sheet, profit and loss statement and concert costs breakdown (for the OTR claim). This will help you produce accounts.
- At the end of your financial year we will help with the OTR calculation and check your accounts.
- We will file your accounts with Companies House on your behalf.
- We will compile and submit a Company Tax return (including your OTR claim) to HMRC on your behalf.
When can we sign up for the service?
We ask that you sign up for service as soon as possible – ideally once you have set up your production company. Part of the service is using our template spreadsheet – it is much better to do this from the start of your financial year. The sooner you sign up, the sooner you will have the template.
Once you have signed up, we will contact you within five working days.
When do I pay for the service?
We will invoice you at the point of submitting the OTR claim for you.
How much does it cost?
- Our fee will be 12% of the OTR payment you receive from HMRC
- That 12% figure will include VAT
- There is a minimum fee of £175
- There is no maximum fee, but we are happy to negotiate a fee cap for large OTR claims.
Example:
- You get £6,000 from HMRC. 12% of £6,000 = £720. Our fee is £720
- You get £2,500 from HMRC. 12% of £2,500 = £300. Our fee is £300
- You get £1,200 from HMRC. 12% of £1,200 = £144. Our fee is £175
(all prices include VAT)
Sign up for OTR services
Sign up for our OTR service - for groups who have never claimed OTR before
Request our OTR service - for groups who have already claimed OTR with us at least once
