Museums and galleries tax relief consultation
Budget 2016 announced that the government would introduce a new tax relief for museums and galleries from April 2017, following a consultation over summer 2016. 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 new tax relief, available on qualifying costs of both temporary and touring exhibitions, recognises the artistic importance and cultural value of museums and galleries in the United Kingdom. The tax relief will be available across the country. Its objective is to encourage the creation of more and higher quality exhibitions, as well as to support touring of the best exhibitions across the country and abroad, raising the UK’s profile internationally.
For further information and to view the consultation document please visit the Gov.uk website: http://bit.ly/2ct6INO
VASW and CVAN are working with ACE and other partners to support these tax changes on behalf of the sector and urges museums and galleries located in the South West to engage with the consultation.
The consultation closes at the end of October.