The government is proposing a major new way of investing in museums and galleries, through an exhibition tax relief. But the current proposals will exclude hundreds of museums across the UK by limiting the tax relief to temporary and touring exhibitions. We are urging AIM members to respond to the government’s consultation to ensure that the tax relief is fair and that every member of the public, whether their local museum has temporary exhibitions or not, has the potential to benefit.
The government’s recent support for museums is extremely welcome: a number of individual museums have benefited from grants from libor fines and most recently, in 2016 Budget, it was announced that the 20% tax relief already available to the film industry, orchestras, theatres and others, would be extended to museums and galleries for exhibitions.
This is very positive, but there is a sting in the tail. The proposal is…
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