Question to the HM Treasury:

To ask His Majesty's Government what plans they have to encourage corporate philanthropy in the art sector, such as through higher tax deductibility of corporate gifts and support.

The government is committed to supporting philanthropy through tax relief worth over £6bn per year for charities and their donors, including £880 million relief per year for corporate donations, and more targeted support worth £40m per year for the arts and heritage sector through the acceptance in lieu and cultural gifts schemes.

The government is aware of a range of ideas from the arts and heritage sector to encourage philanthropy and will consider these as part of the normal policy making process.