SCHEDULES
SCHEDULE 8Tax relief for production of orchestral concerts
PART 2Consequential amendments
ICTA
2
1
Section 826 of ICTA (interest on tax overpaid) is amended as follows.
2
In subsection (1), after paragraph (fc) insert—
fd
a payment of orchestra tax credit falls to be made to a company; or
3
In subsection (3C), for “or theatre tax credit” substitute “
, theatre tax credit or orchestra tax credit
”
.
4
In subsection (8A)—
a
in paragraph (a), for “or (fc)” substitute “
, (fc) or (fd)
”
, and
b
in paragraph (b)(ii), after “theatre tax credit” insert “
or orchestra tax credit
”
.
5
In subsection (8BA), after “theatre tax credit” (in both places) insert “
or orchestra tax credit
”
.