HomeInsightsTax relief: HM Treasury publishes consultation on proposals for museums and galleries tax relief. Tax relief to be introduced in April 2017.

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The aim of the proposal is for a tax relief that will encourage the creation of more and higher quality exhibitions, as well as to support touring of exhibitions across the country and abroad, raising the UK’s profile internationally.

Budget 2016 announced that a new tax relief for museums and galleries would be introduced in April 2017, following a consultation in 2016.

The Government says that Britain is home to a diverse range of museums and galleries and this tax relief will support them to develop creative new exhibitions and to display their collections to a wider audience.

This consultation document sets out the details of the proposed tax relief and seeks views in key areas of its design. Its aim is to develop a museums and galleries tax relief that works well for the sector.  The consultation closes on 5 September 2016.  To access the consultation, click here.

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