MGETR60005 - Museums and Galleries Exhibition Tax Relief: eligible expenditure: introduction

A Museums and Galleries Exhibition Production Company (MGEPC) that qualifies for Museums and Galleries Exhibition Tax Relief (MGETR) in respect of an exhibition is entitled to claim an additional deduction in computing the profit or loss arising from the separate exhibition trade for the production.

The additional deduction is based on the amount of core expenditure that is European expenditure.

The computation itself is described at MGEPC65000. The first step is determining:

• the amount of core expenditure, and
• the extent to which that core expenditure relates to goods or services that are provided from within the United Kingdom or European Economic Area (EEA) (MGETR50050).