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”.