C2C1F2PART 15EMuseums and galleries exhibition tax relief
Pt. 15E modified by 2010 c. 4, s. 357UR(3) (as inserted (with effect in accordance with Sch. 6 para. 20 of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 17)
Pt. 15E modified (temp.) (with application in accordance with s. 21(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 21(1)(4)
CHAPTER 1Introduction
Interpretation
1218ZACPrimary production company
1
In this Part a company is the primary production company for an exhibition if the company (acting otherwise than in partnership) meets conditions A and B.
2
Condition A is that the company—
a
makes an effective creative, technical or artistic contribution to the exhibition, and
b
directly negotiates for, contracts for and pays for rights, goods and services in relation to the exhibition.
3
Condition B is that—
a
where the exhibition is held at just one venue, the company is responsible for the production of the exhibition at that venue;
b
where the exhibition is held at two or more venues, the company is responsible for the production of the exhibition at F1one or more of those venues.
4
For the purposes of this section and section 1218ZAD, a company is responsible for the production of the exhibition at a venue if—
a
it is responsible for producing and running the exhibition at the venue,
b
where the exhibition is at the venue for a limited time, it is responsible for deinstalling and closing the exhibition at the venue, and
c
it is actively engaged in decision-making in relation to the exhibition at the venue.
5
If more than one company meets conditions A and B in relation to the production of the exhibition, the company that most directly meets those conditions is the primary production company for the exhibition.
6
If no company meets conditions A and B in relation to the production of the exhibition, there is no primary production company for the exhibition.
Pt. 15E inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(a) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 1 (with Sch. 6 para. 21(3))