articles: Arts & culture

Making Tax Digital: are you ready for April 2019?

The taxman is embracing digital technology – and that means businesses need to as well. HMRC’s Making Tax Digital (MTD) initiative goes live from 1 April 2019 – so the clock’s ticking. It’s time to make sure you can meet the new requirements for digital record keeping and understand the new mechanism for submitting VAT returns to HMRC.

Basel and beyond

Basel 2018 was held last month, and as a delegate across the three days I gained a sense of a strong fair with a good atmosphere. In the main galleries I found the works to be more accessible than in some previous years; there were fewer ‘shock’ pieces and more concentration on quality works that people might actually want to buy.

Are young and emerging artists able to break into the traditional art world?

Looking back on the important art fairs of the summer and autumn - Basel, Frieze, FIAC -  it is hard not to be struck by the upbeat noises coming from the dealers and organisers of record sales, many in the million pound range, and high levels of activity overall. Many of these sales are of established names to a wealthy client base, sales which can overshadow much other activity in the market.

VAT blow for cultural charities and public bodies

The European Court of Justice (ECJ) has finally crushed hopes that more public bodies and charities engaged in cultural activities could claim VAT exemption on their admission charges. Its recent judgment in the VAT case of the British Film Institute (BFI), released in February, draws a line under an argument that has been running for the last four years.

Spring Budget 2017 – new tax relief for museums and galleries

We were very encouraged to see the Chancellor's announcement of a new tax relief for museums and galleries in his first – and last – Spring Budget. Effective from 1 April 2017, this offers tax relief of 25% and 20% for touring and non-touring exhibitions respectively. This is a welcome extension of the creative sector tax reliefs for new exhibitions and we will post a further update once we have studied the full details and rules around this.

The Budget 2016 – video summary

A sugar-coated Budget for the next generation

In the uncertain global economic environment, the Chancellor’s deficit-reduction goals have become more challenging. But he still managed to strike an up-beat tone when delivering “a Budget that puts the next generation first”.

Museums and galleries - is your digital strategy working?

Digital technology offers museums, galleries, media and arts institutions huge opportunities to reach out to a broader audience, increase income and raise profile. The sector has embraced the digitisation of collections, websites, marketing and fundraising databases and audio visual in displays and exhibitions. But how can you achieve a full digital strategy with limited funds without making expensive mistakes? And how can you link current digital activities into a cohesive business strategy?

An Autumn Statement for “rebuilding Britain”

Five years since delivering his first spending review, George Osborne spent over an hour delivering his 2015 Autumn Statement. He repeatedly stated the Government’s intent to build public services, infrastructure, national defences and strong public finances.