May 12th, 2017 / Insight posted in Practical Guides

Museums and Galleries Exhibition Tax relief

Some museums and galleries are eligible for Museums and Galleries Exhibition Tax Relief (ETR). This relief can increase the amount of expenditure that is allowable as a deduction for tax purposes or, if the company makes a loss, can be surrendered for a payable tax credit. This can provide a 20% subsidy (for non-touring exhibitions) or 25% subsidy (for touring exhibitions) towards the costs of producing a Museum or Gallery exhibition, even where a charitable company does not normally pay Corporation Tax.