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New institutions and corrections to details of existing entries
Draft legislation has been published to make routine amendments to the schedule to the VAT (Refund of tax to museums and galleries) Order SI 2001/2879.
Admitting the public free of charge to the UK's main museums and galleries is not a business activity that would entitle a body to recover VAT incurred as input tax, so a special refund scheme for named institutions exists.
It refunds VAT incurred in relation to collections, the buildings in which they are displayed, and their storage and restoration.
The schedule to the 2001 order sets out a list of the museums and galleries that have been accepted as eligible for the scheme. The changes:
- introduce two new institutions the Department for Culture, Media and Sport wishes to add;
- add details of new premises for institutions already on the list; and
- remove museums and galleries that charge for admission or have closed; and
- make routine corrections, such as a change of address.
Corrections to the information in the schedule should be emailed no later than 19 October.
