Finance Act 2016 (c. 24)

SCHEDULES

Section 180(2) and (5)

SCHEDULE 24 U.K. Tax advantages constituting the grant of state aid

PART 1 U.K. Tax advantages to which section 180(2)applies

Enhanced capital allowances U.K.

Tax advantage	Provision under which tax advantage is given
Business premises renovation allowances	Part 3A of CAA 2001
Zero-emission goods vehicle allowances	Section 45DA, 45DB and 212T of CAA 2001
Expenditure on plant and machinery for use in designated assisted areas (enhanced capital allowances for enterprise zones)	Sections 45K to 45N and 212U of CAA 2001

Creative tax reliefs U.K.

Tax advantage	Provision under which tax advantage is given
Film tax relief	Part 15 of CTA 2009
Television tax reliefs	Part 15A of CTA 2009
[F1 Video games tax relief]	[F1 Part 15B of CTA 2009]
Theatre relief	Part 15C of CTA 2009
Orchestra tax relief	Part 15D of CTA 2009
[F2 Museums and galleries exhibition tax relief	Part 15E of CTA 2009]

Textual Amendments

F1 Words in Sch. 24 Pt. 1 inserted (6.2.2018) by The Video Games Tax Relief (Amendment of Tax Advantages in Schedule 24 to the Finance Act 2016) Regulations 2018 (S.I. 2018/28), regs. 1, 3

F2 Words in Sch. 24 Pt. 1 inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(b) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 19

Research and development reliefs U.K.

Tax advantage	Provision under which tax advantage is given
Relief for SMEs: cost of research and development incurred by SME	Chapter 2 of Part 13 of CTA 2009
Vaccine research relief	Chapter 7 of Part 13 of CTA 2009

[F3 Enterprise management incentives exemptions and reliefs U.K.

Textual Amendments

F3 Table in Sch. 24 Pt. 1 inserted (11.7.2018) by The Enterprise Management Incentives Exemptions and Reliefs (Amendment of Tax Advantages in Schedule 24 to the Finance Act 2016) Regulations 2018 (S.I. 2018/737), regs. 1, 3

Tax advantage	Provision under which tax advantage is given
Exemptions and reliefs in connection with share options	Chapter 9 of Part 7 of ITEPA 2003]

PART 2 U.K. Tax advantages to which section 180(5) applies

Tax advantage	Provision under which tax advantage is given to beneficiary	Person liable to receive request under section 180(5)
Reduced rate of climate change levy payable in respect of a reduced rate supply (for supplies covered by climate change agreement)	Paragraphs 42 and 44 of Schedule 6 to FA 2000	The person to whom the reduced rate taxable supply is supplied
Relief granted to investors in a company under the enterprise investment scheme	Part 5 of ITA 2007	The company whose shares are acquired by investors
[F4 Relief granted to investors in a social enterprise	Part 5B of ITA 2007	The social enterprise]
Relief granted to investors in a venture capital trust under the venture capital trust scheme	Part 6 of ITA 2007	The venture capital trust

Textual Amendments

F4 Words in Sch. 24 Pt. 2 inserted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 1 para. 13