Creative reliefs
18Increase in museums and galleries exhibition tax credit and removal of sunset
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”
.