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Finance (No. 2) Act 2024

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17Increase in orchestra tax creditU.K.

(1)In section 1217RG(4) of CTA 2009 (amount of orchestra tax credit), for “25%” substitute “45%”.

(2)In section 19 of FA 2022 (which provided for a temporary increase in the amount of orchestra tax credit)—

(a)omit subsection (3), and

(b)in subsection (4), for “, 1 April 2025 or 1 April 2026” substitute “or 1 April 2025”.

(3)The amendments made by this section have effect in relation to accounting periods beginning on or after 1 April 2025 (but see section 19(4) of FA 2022 for accounting periods which straddle that date).

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