Schedules
Schedule 5Museum and gallery exhibitions
Part 1Amendments of Part 15E of CTA 2009
8Restriction where tax liabilities outstanding: meaning of “payment period”
In section 1218ZCJ (payment in respect of museums and galleries exhibition tax credit), after subsection (4) insert—
4A
For the purposes of subsection (4), a “payment period” is—
a
in relation to PAYE regulations or Class 1 national insurance contributions, a period—
i
which ends on the fifth day of a month, and
ii
for which the company is liable to account for income tax and national insurance contributions to an officer of Revenue and Customs;
b
in relation to section 966 of ITA 2007, a period for which the company is required to make a return as described in section 969(1)(b) of that Act.