MGETR10060 - Museums and Galleries Exhibition Tax Relief: Additional deduction

Relief is given by way of an additional deduction in relation to the core expenditure for the exhibition.

Core expenditure is expenditure on producing, deinstalling and closing the exhibition. At least 10% of the core expenditure must be incurred on goods or services that are used or consumed in the United Kingdom.

Core expenditure does not include

• expenditure incurred on deinstalling or closing the exhibition, if the period between opening and closing the exhibition exceeds 12 months
• storage of exhibits for an exhibition at a single venue; exhibitions at multiple venues may claim relevant storage expenditure for up to 4 months
• expenditure not directly related to the exhibition, such as financing, marketing, legal services or promotion
• expenditure on development of initial concepts and feasibility
• ordinary running costs of the exhibition and further development during the running phase
• purchasing exhibits
• expenditure on infrastructure unless solely for the purposes of the exhibition

The amount of the additional deduction is the lower of:

• 80% of total core expenditure, and
• the actual UK core expenditure incurred.

This additional deduction will reduce the profits chargeable to Corporation Tax, or will create or augment a loss, which can be surrendered for a payable tax credit.

For more detailed information about core expenditure, the additional deduction, or the tax relief calculation see Chapter 7.
For more information about UK expenditure, see MGETR60060. Prior to 1 April 2024, European expenditure was used instead of UK expenditure. The minimum expenditure condition instead required at least 25% of core expenditure to be European expenditure. Please see MGETR50040 and MGETR50045 for details.