16Increase in theatre tax creditU.K.
(1)In section 1217K(4) of CTA 2009 (amount of theatre tax credit)—
(a)in paragraph (a), for “25%” substitute “45%”, and
(b)in paragraph (b), for “20%” substitute “40%”.
(2)In section 17 of FA 2022 (which provided for a temporary increase in the amount of theatre 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 17(4) of FA 2022 for accounting periods which straddle that date).