Museums relief take-up hampered by complexity

The complexity of the application process for museums and galleries tax relief has deterred some organisations from taking up the tax break, finds HMRC research

The museums and galleries tax relief (MGTR) was introduced on 1 April 2017. The relief allows eligible museums and galleries to claim back a percentage of their exhibition production costs. Organisations can claim up to £80,000 on qualifying static exhibitions, and up to £100,000 for qualifying touring exhibitions. The relief is currently available until 2024.

The tax relief had an impact at an organisational level, enabling future investments including upgrading infrastructure, hiring and retaining more staff, and accessing other opportunities for funding, according to the research into the effectiveness of the tax relief.

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe