Section 14 | Extension of the temporary increase in theatre tax credit etc

(1)In each of the following provisions of FA 2022—

(a)section 17(2) (temporary increase in amount of theatre tax credit),

(b)section 19(2) (corresponding provision for orchestra tax credit), and

(c)section 21(2) (corresponding provision for museums and galleries exhibition tax credit),

for “2023” substitute “2025”.

(2)In each of the following provisions of that Act (which provide for an increase in the amount of those credits for a further year but at a lower rate than that provided for by sections 17(2), 19(2) and 21(2))—

(a)section 17(3),

(b)section 19(3), and

(c)section 21(3),

for “2023” substitute “2025” and for “2024” substitute “2026”.

(3)In each of the following provisions of that Act (which deal with straddling periods for those credits)—

(a)section 17(4),

(b)section 19(4), and

(c)section 21(4),

for “2023” substitute “2025” and for “2024” substitute “2026”.