Related Commentary  Related HMRC Manuals

1218ZEA(1)  If a statement is made under section 1218ZE(2) but it subsequently appears that the European expenditure condition will not be met on the companyʼs ceasing to carry on the separate exhibition trade, the company–

(a)is not entitled to museums and galleries exhibition tax relief for any period for which its entitlement depended on such a statement, and

(b)must amend accordingly its company tax return for any such period.

1218ZEA(2)  When a company ceases to carry on the separate exhibition trade, the companyʼs company tax return for the period in which that cessation occurs must–

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