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.