Job search
Job Search
Latest news
More news: (showing 1 - 20 of 13727)           
UK only International

Hammond broadens tax relief for UK museums in Autumn Statement

By Tom Anstey    23 Nov 2016
Taking effect from 1 April 2017, the tax refund scheme will allow organisations fitting the criteria to claim a rebate

The UK government is to broaden the scope of its museums and galleries tax relief following the delivery of chancellor Philip Hammond’s Autumn Statement.

Announced in the March 2016 Budget by then chancellor George Osborne, the tax relief will now be extended to permanent exhibitions so that it is accessible to a wider range of institutions across the country.

Taking effect from 1 April 2017, the tax refund scheme will allow organisations fitting the criteria to claim a rebate on “VAT incurred on most goods and services purchased in order to grant free rights of admission to collections” – something which previously only applied to either national or university museums and galleries.

According to Hammond’s Statement, the rates of relief will be set at 25 per cent for touring exhibitions and 20 per cent for non-touring exhibitions. There will be a cap of £500,000 in qualifying expenditure per exhibition.

In 2020, the government will review the tax relief, which will expire in April 2022 if not renewed thanks to a sunset clause.

The Association of Independent Museums and Museums Association have both called for the extension of the tax relief to permanent exhibitions, which they have said would give a boost to a number of small and medium-sized museums.

The chancellor's Statement also revealed planned investments in cultural institutions, including £7.6m for urgent repairs at the Grade I listed Wentworth Woodhouse in Yorkshire subject to approval of a sustainable business case.

Philip Hammond  Autumn Statement  budget 2016  museum tax relief  galleries  VAT  
Sign up for FREE ezines
Related news

Company profile

Company profile: ukactive
ukactive is the UK’s leading not-for-profit membership body for the physical activity sector, bringing together more than 4,000 member organisations and partners in our shared ambition to get More People, More Active, More Often.
View full profile >
More company profiles

Featured Supplier

Sprung Gym-Flooring: leading fitness flooring provider paves the way for top performance
Introducing Sprung Gym-Flooring, where innovation meets excellence in the world of flooring and sports solutions.
View full details >
More featured suppliers

Property & Tenders

Location: Loughton, IG10
Company: Knight Frank
Location: Grantham, Leicestershire
Company: Belvoir Castle
Location: Verwood, Dorset
Company: AVISON YOUNG
Location: Hall Place House, Bexley, DA5 1PQ
Company: London Borough of Bexley
Location: 15 Concessions across the nation's forests
Company: Forestry England
More properties & tenders

Diary dates

11-14 Apr 2024
Exhibition Centre , Cologne, Germany
22-24 Apr 2024
Galgorm Resort, York
10-12 May 2024
China Import & Export Fair Complex, Guangzhou, China
23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
More diary dates