Cultural Tax Reliefs are corporation tax relief schemes administered by HM Revenue & Customs that incentivise investment in cultural sectors including theatre, orchestras, museums, galleries, and independent film production. The government has established permanent relief rates at 40% and 45% for qualifying cultural activities. Recent policy work includes technical clarifications and consultation on print and advertising tax relief.
In response to: Corporation Tax: new permanent rates of relief for theatre, orchestra, museum and galleri…
This tax information and impact note is about the higher rate of relief for the audio-visual expenditure credit scheme for independent film productions.
This tax information and impact note is for the new permanent rates of the 3 corporate tax reliefs known as the ‘cultural tax reliefs’.
In response to: Clarifications of the rules for cultural tax reliefs
In response to: Two year extension to Museums and Galleries Exhibition Tax Relief sunset clause
In response to: Two year extension of the higher rates for theatre, orchestra, and museums and galleries …
This tax information and impact note details the two year extension to the Museums and Galleries Exhibition Tax Relief (MGETR) sunset clause.
This tax information and impact note sets out the temporary extension to the higher rates for the cultural reliefs.
This measure restricts charitable tax reliefs to UK charities and Community Amateur Sports Clubs (CASCs). This will stop EU and EEA charities and CASCs that HMRC has not previously accepted as qualifying for charitable relief from claiming UK tax reliefs …
In response to: Extension to Museum and Galleries Exhibition Tax Relief sunset clause
In response to: Theatre, Orchestra, and Museums and Galleries Exhibition Tax reliefs
In response to: Cultural Relief Rate Rises for Theatre, Orchestra, and Museums and Galleries Exhibition T…
This tax information and impact note clarifies certain rules for the Theatre, Orchestra, and Museums and Galleries Exhibition Tax reliefs.
This tax information and impact note details the extension to Museum and Galleries Exhibition Tax Relief sunset clause.
This tax information and impact note sets out the temporary increase the headline rates of relief for the cultural reliefs.
This tax information and impact note is about changes to the list of museums and galleries who can use the VAT refund scheme.
This tax information and impact note is a new Corporation Tax relief for museums and galleries.
This tax information and impact note is about museums and galleries to be added to the list of bodies entitled to benefit from the VAT Refund Scheme.
This applies to incorporated companies within the charge to Corporation Tax that are directly involved in the production of orchestral concerts.