Part 1Income tax, corporation tax and capital gains tax
Other reliefs relating to businesses
14Extension of the temporary increase in theatre tax credit etc
1
In each of the following provisions of FA 2022—
a
section 17(2) (temporary increase in amount of theatre tax credit),
b
section 19(2) (corresponding provision for orchestra tax credit), and
c
section 21(2) (corresponding provision for museums and galleries exhibition tax credit),
for “2023” substitute “2025”
.
2
In each of the following provisions of that Act (which provide for an increase in the amount of those credits for a further year but at a lower rate than that provided for by sections 17(2), 19(2) and 21(2))—
a
section 17(3),
b
section 19(3), and
c
section 21(3),
for “2023” substitute “2025”
and for “2024” substitute “2026”
.
3
In each of the following provisions of that Act (which deal with straddling periods for those credits)—
a
section 17(4),
b
section 19(4), and
c
section 21(4),
for “2023” substitute “2025”
and for “2024” substitute “2026”
.