Schedules

Schedule 6Administration of creative sector reliefs

1Power to recover overpayments

1

Paragraph 52 of Schedule 18 to FA 1998 (recovery of excessive payments) is amended as follows.

2

In sub-paragraph (1), in the words before paragraph (a), for “paragraph” substitute “sub-paragraph”.

3

In sub-paragraph (2)—

a

for “This paragraph” substitute “Sub-paragraph (1)”;

b

omit paragraphs (bd) to (bi).

4

In sub-paragraph (2A), after paragraph (c) insert

, or

d

creative sector credit,

5

After sub-paragraph (2A) insert—

2B

In this paragraph, “creative sector credit” means—

a

audiovisual expenditure credit or video game expenditure credit under Chapter 3 of Part 14A of the Corporation Tax Act 2009,

b

film tax credit under Part 15 of that Act,

c

television tax credit under Part 15A of that Act,

d

video game credit under Part 15B of that Act,

e

theatre tax credit under Part 15C of that Act,

f

orchestra tax credit under Part 15D of that Act, or

g

museums and galleries exhibition credit under Part 15E of that Act.

6

In sub-paragraph (5)—

a

omit paragraphs (ae) and (ag) to (ak);

b

before paragraph (b) insert—

al

an amount of creative sector credit paid to a company for an accounting period, or

c

in the words after paragraph (b), for the words from “the” to the end substitute “that accounting period”.

7

Those amendments have effect in relation to accounting periods beginning on or after 1 April 2024.