Corporation Tax Act 2009 section 1218ZF

Regulations about activities in relation to an exhibition

Section 1218ZF gives the Treasury the power to make regulations that change which activities count (or do not count) as part of producing or running an exhibition for the purposes of museums and galleries exhibition tax relief.

• The Treasury can amend the definitions of "costs of production" and "core expenditure" by regulation.
• Regulations can specify that certain activities are, or are not, to be treated as part of developing, producing, running, deinstalling or closing an exhibition.
• The power applies to exhibitions generally or to exhibitions of a particular type.
• This provides flexibility to update the scope of qualifying expenditure without requiring new primary legislation.