MGETR20020 - Museums and Galleries Exhibition Tax Relief: Making a claim: CT600
The production company should indicate that it is claiming Museums and Galleries Exhibition Tax Relief (MGETR) using the software with which it is submitting its return. Returns must be filed online. It should complete the relevant boxes below:
| Description | CT600 box number |
|---|---|
| Tax due | 525 |
| Creatives tax credit | 540 |
| Amount claimed | 545 |
| Amount payable | 570 |
| Creatives core expenditure (not supported by all software) | 663 |
| Creatives additional deduction | 665 |
| Enhanced expenditure | 670 |
| Payable creatives tax credit | 885 |
Please note that CT600 Version 1 does not provide the relevant boxes needed to claim MGETR.聽聽CT600聽Version 2 can only be used for accounting periods starting before 1 April 2015.聽
The company should also tick boxes 650 and 658 to confirm it has completed an additional information form. Some software does not include these boxes.
Example
A production company incurs total expenditure of 拢250k on a qualifying exhibition.聽 Of this expenditure, 拢200k is core expenditure.聽 拢150k (75%) of that core expenditure is UK expenditure and 拢50k (25%) is non-UK expenditure.聽 The company is entitled to the following deductions:
- 拢250k 'ordinary' deduction for all the expenditure incurred in the separate exhibition trade, plus
- 拢150k additional deduction (the core UK expenditure is less than 80% of 拢250k, so it all qualifies)
giving a total deduction of 拢400k.
The figure that should be entered in box 663 (if it is supported by the software used) is the core expenditure, 拢200k. The figure that should be entered in聽box 665 is 拢150k: the amount of the additional deduction.
See Chapter 7 for more details of the calculation.
The tax credit
If the company is claiming a payable Museums and Galleries Exhibition Tax Credit (MGETC), then it should enter the gross amount of the tax credit (before any payment of tax is due) in box 885.
See HMRC's guide for more information about the CT600 form.