Guide to New Exhibitions Tax Claims

Registration: 10:00 | Event 10:15 - 13:30


Arts & Business Scotland, Rosebery House, 9 Haymarket Terrace, Edinburgh, EH12 5EZ

Don't miss out - HMRC are giving away millions of pounds to help you create new exhibitions.

Museums & Galleries Tax Relief (MGTR) provides a tax break or a cash repayment for charities and their subsidiaries that are engaged in creating new exhibitions. Charities don't need to be paying tax to benefit, they could still be entitled to claim cash from HMRC. The relief is available to charities which maintain a museum, gallery or library, this could include arts centres with a gallery or exhibition space or historic houses with collections. The relief is designed to recognise the unique cultural value that museums and galleries bring to the UK and encourage greater and more diverse exhibitions. The exhibitions must be a collection of objects that are of artistic, historic, scientific or culture interest but the objects must not be for sale or the display part of a competition. MGTR is available for expenditure incurred from 1 April 2017. Claims are made as part of a charity tax return and should be submitted to HMRC within 24 months of the company's year-end.

This seminar is a must for anyone who wants to understand more about whether they qualify and how to collate the information to make a claim.

The course will cover:
* The basics
* If your entity qualify
* If your exhibitions qualify
* Touring and non-touring exhibitions
* Qualifying expenditure and how to collate it
* How to prepare a claim
* A case study

About the Speakers: Kirsty Murray (Tax Director) and Catriona Macleod (Tax Assistant Manager), Scott-Moncrieff
Kirsty and Catriona regularly assist arts and heritage organisations on all aspects of tax. This ranges from day to day corporate tax compliance matters to advising on the use of trading subsidiaries. They are experts in Creative Industries Tax Reliefs having claimed back over £7m for their clients. Kirsty and Catriona will explain how Museums and Galleries exhibitions tax relief in an easy to understand way and provide you with practical tips for maximising your claim.

Event includes tea, coffee and light lunch.

£55 + VAT for Arts & Business Scotland members (Arts & Heritage)
£85 + VAT for Arts & Business Scotland members (Corporate)

£85 + VAT for non-members (Arts & Heritage)
£105 + VAT for non-members (Corporate)

Find out more about Arts & Business Scotland membership.