Museums and
Galleries Tax Relief
how much you could receive
What Is Museums and Galleries Tax Relief
Everything you need to know
Museums and Galleries Tax Relief is part of the creative tax relief umbrella, that’s been setup and funded by the UK government.
The incentive exists to aid both touring and non-touring charitable companies or local/governmental authorities to continue improving British heritage. The incentive is not open to commercial companies.
Museums and Galleries Tax Relief Eligibility Criteria
To take full advantage of the incentive you must:
- Be either the primary or secondary company that is handing an exhibition
- Be a charitable organisation that is in charge of maintaining either a museum or a gallery
- You are owned by a company that is in charge of maintaining either a museum or a gallery
- You are owned by a local authority that supports either a museum or a gallery
- The main company that is in charge of handling exhibitions and/or installations must make an artistic contribution to the field. The company must also be in charge of running the above-mentioned activities
- Only one company can be responsible for any given installation/exhibition
- 25% or more of your costs should be spent in the European Economic Area (EEA)
- If you are claiming for a touring production, then it is a requirement for at 25% of things displayed or exhibited to be present at every other location that you are planning on being present at
- There should be no more than 6 months passing in between the installations
What You Cannot Claim Through Museums and Galleries Tax Relief
There are a few limiting factors to the incentive:
- You cannot claim relief if you are intending displaying work that is for sale
- If anything exhibited is alive
- When your activity is associated with a competition
- If your exhibition includes a live performance
Tax Relief Timelines
Surrendering Your Losses
COMPLEX TAX INVESTIGATIONS
BOOK A CONSULTATION
Churchill Tax provides all types of tax advice on complex issues to individuals and companies across all sectors. We make the time and effort to understand our client’s businesses and needs and our tax experts have a proactive and flexible approach to helping clients overcoming the challenges they face.
How Does Churchill Tax Handle My Claim?
1. Getting To Know You
2. Evaluating Your Costs
We will request your financials to evaluate your costs and calculate your benefit
3. Writing Your Claim
We will write the claim for you which you can look over before submission to HMRC – you can be as involved in the process of writing your claim as you want to be.
4. Rewards
Receive your benefit in either a reduction in your Corporation Tax liability or a payable credit
WHAT WE OFFER
When appointing a Tax specialist to act on your behalf, it’s important to know that you’re in good hands. You need to know that the advisor you appoint has the experience, skills and courage required to achieve the best possible outcome for you.
Our role is as much about supporting our clients personally as it is about providing professional and effective Tax representation. This is why we have implemented facilities such as flexible payment options , that aim to make the process straight forward and stress free.
Have you received a notification of HMRC investigation?
BOOK A CONSULTATION
Churchill Tax provides all types of tax advice on complex issues to individuals and companies across all sectors. We make the time and effort to understand our client’s businesses and needs and our tax experts have a proactive and flexible approach to helping clients overcoming the challenges they face.