SCHEDULES

SCHEDULE 8Tax relief for production of orchestral concerts

PART 2Consequential amendments

ICTA

2

1

Section 826 of ICTA (interest on tax overpaid) is amended as follows.

2

In subsection (1), after paragraph (fc) insert—

fd

a payment of orchestra tax credit falls to be made to a company; or

3

In subsection (3C), for “or theatre tax credit” substitute “ , theatre tax credit or orchestra tax credit ”.

4

In subsection (8A)—

a

in paragraph (a), for “or (fc)” substitute “ , (fc) or (fd) ”, and

b

in paragraph (b)(ii), after “theatre tax credit” insert “ or orchestra tax credit ”.

5

In subsection (8BA), after “theatre tax credit” (in both places) insert “ or orchestra tax credit ”.