The Chancellor announces tax break for orchestras - ISM statement
The Chancellor George Osborne has today announced that tax breaks will be extended across the creative industries to include orchestras.
Deborah Annetts, Chief Executive of the Incorporated Society of Musicians welcomed the news by saying:
'We are delighted that the Chancellor has promised to extend the creative industries’ tax breaks to include orchestras. The fine detail is obviously yet to be worked up. We hope that the proposed tax breaks will support our important orchestras and ensembles, as well as promoting the commissioning of new works which is so vital to the health of the contemporary classical sector.
At the ISM, the professional association supporting performers and composers, we know how important professional musicians are in contributing to our film and television industry, touring nationally and internationally and creating new works.
We look forward to working with our relevant industry partners and the Chancellor on the detail of this proposal.'
About the ISM
The ISM is the professional body for those working in the music profession. We promote the art of music and champion the honour and interests of the music profession.
Our membership of over 6,700 individual musicians includes leading conductors, featured and non-featured artists, orchestral musicians working in all of the UK’s leading orchestras, composers, academics and educators.
Our corporate membership of over 160 music organisations includes NMC Recordings, Jazz Services Ltd, the Association of Independent Music, the International Artist Managers’ Association (IAMA), Classic FM, the UK’s Conservatoires, the Royal Philharmonic Society, the Association of British Orchestras, ABRSM, the British & International Federation of Festivals, Help Musicians UK, University of Hertfordshire, Music Sales Ltd, the Music Industries Association (MIA) and Making Music.
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