UK Introduces Tax Break Legislation for West End Transfers from Broadway

New legislation introduced by the British government makes the UK an even more attractive place for theatrical shows transferring from Broadway.

Tax breaks available through the new Theatre Tax Relief mean that a $4 million touring theatrical production (excluding marketing costs) could claw back up to $800,000 in cash from the UK government.

Anthony Pins, one of the foremost authorities in theatre financing in London, will be in New York on November 18 to lead a seminar for Broadway professionals to explain the legislation.

Anthony is a partner at entertainment specialist chartered accountants Nyman Libson Paul. The firm's clients include many of the leading names in UK theatre.

He said: "A promise of hard cash from the British government! Hard to believe but it's absolutely true. The legislation is set to influence the way theatrical productions are structured and financed, so it is essential information for any production heading across the Atlantic.

"The new legislation affects musicals, plays, dance and opera, and is also relevant for productions heading into Europe and which are channelled through the UK."

The seminar is free and will take place at the British Consulate General at 845 Third Avenue, New York at 6.30pm on November 18. Doors open at 6pm and there is a reception afterwards. It is supported by the British government via UK Trade and Investment.

To post a comment, you must register and login.