Finance Act 2024 (c. 3)

Schedules

Schedule 5 Museum and gallery exhibitions

Part 1 Amendments of Part 15E of CTA 2009

Restriction where tax liabilities outstanding: meaning of “payment period”

8 In section 1218ZCJ (payment in respect of museums and galleries exhibition tax credit), after subsection (4) insert—

“(4A) For the purposes of subsection (4), a “payment period” is—

(a) in relation to PAYE regulations or Class 1 national insurance contributions, a period—

(i) which ends on the fifth day of a month, and

(ii) for which the company is liable to account for income tax and national insurance contributions to an officer of Revenue and Customs;

(b) in relation to section 966 of ITA 2007, a period for which the company is required to make a return as described in section 969(1)(b) of that Act.”