Legislation – Finance (No. 2) Act 2024
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”
.