Commentary

D7.12107 Exhibition tax relief—provisional entitlement to relief

Corporate tax
Corporate tax | Commentary

D7.12107 Exhibition tax relief—provisional entitlement to relief

Corporate tax | Commentary

D7.12107 Exhibition tax relief—provisional entitlement to relief

A company may be entitled to provisional exhibition tax relief in an 'interim accounting period' (ie a period that precedes the accounting period in which it cases to carry on the separate exhibition trade1).

The rules governing provisional entitlement to relief2 ensure that companies that are entitled to relief can obtain it in the relevant accounting period, without having to wait until the exhibition is closed. To that end, there are provisions for clawing back the relief if it transpires that the necessary qualifying conditions are not met3.

Interim accounting periods

In order to claim

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