MGETR: Quick Look Information
Museums and Galleries Exhibition Tax Relief was introduced by the UK Government in 2017 to support museums and galleries to develop new exhibitions and display collections to a wider audience. The rates of relief were temporarily increased in 2021 in response to the Covid-19 pandemic.
Who can claim?
Who can claim?
Claimants must be a charitable company, or a company wholly owned by a charity or local authority, which is responsible for maintaining a museum or gallery. The claimant must be responsible for producing, running and deinstalling the exhibition at a venue, actively engaged in the decision making and should directly negotiate for, contract for and pay for rights, goods and services relating to the exhibition.
What expenditure can be included?
The benefit is based on the level of expenditure incurred in producing, installing and deinstalling the exhibition. This excludes running costs incurred after the exhibition opens to the general public.
What are eligible exhibitions?
An exhibition is a curated display of an organised collection of works (or of a single object or work) considered to be of scientific, historic, artistic or cultural interest. The exhibition should be intend to be open to the general public from initial planning, but there is no need to charge for admission. A number of specific exclusions apply.
What’s it worth?
The relief generates an enhanced tax deduction which is based on the level of spend incurred developing an eligible exhibition. In most cases this results in a cash credit. The cash is unrestricted and may be used for whatever purpose the claimant wishes. The rates of benefit vary across different periods and for touring and non-touring exhibitions, but can be high as 40% of expenditure.
How can I claim?
Claims are made per year based on your organisation’s accounts and by submitting a corporation tax return to HMRC. Our MGETR Support Service aims to provide guidance and tools to make this as simple as possible.