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This is the original version (as it was originally enacted).
(1)In section 1218ZCG(1) of CTA 2009—
(a)omit paragraph (c) (date before which qualifying expenditure must be incurred), and
(b)accordingly, omit the “and” before that paragraph, and, at the end of paragraph (a), insert “and”.
(2)In section 1218ZCH(4) of that Act (amount of museums and galleries exhibition tax credit)—
(a)in paragraph (a), for “25%” substitute “45%”, and
(b)in paragraph (b), for “20%” substitute “40%”.
(3)In section 21 of FA 2022 (which provided for a temporary increase in the amount of museums and galleries exhibition tax credit)—
(a)omit subsection (3), and
(b)in subsection (4), for “, 1 April 2025 or 1 April 2026” substitute “or 1 April 2025”.
(4)The amendments made by subsections (2) and (3) have effect in relation to accounting periods beginning on or after 1 April 2025 (but see section 21(4) of FA 2022 for accounting periods which straddle that date).
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