{
  "url": "https://openlegislation.uk/corporation-tax-act-2009/section-1217RG",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2009/section-1217RG.json",
  "legislation": "ukpga/2009/4",
  "legislation_title": "Corporation Tax Act 2009",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2009",
  "path": "section/1217RG",
  "kind": "section",
  "number": "1217RG",
  "heading": "Orchestra tax credit claimable if company has surrenderable loss",
  "text": "(1) A company which qualifies for orchestra tax relief in relation to the production of a concert or concert series may claim an orchestra tax credit in relation to the production for an accounting period in which the company has a surrenderable loss.\n(2) Section 1217RH sets out how to calculate the amount of any surrenderable loss that the company has in the accounting period.\n(3) A company making a claim may surrender the whole or part of its surrenderable loss in the accounting period.\n(4) The amount of the orchestra tax credit to which a company making a claim is entitled for the accounting period is 45% of the amount of the loss surrendered.\n(5) The company's available loss for the accounting period (see section 1217RH(2)) is reduced by the amount surrendered.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 15D inserted (with effect in accordance with Sch. 8 para. 17(1)(a) of the amending Act) by Finance Act 2016 (c. 24), Sch. 8 para. 1"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Word in s. 1217RG(4) substituted (1.4.2025 in relation to accounting periods beginning on or after that date) by Finance (No. 2) Act 2024 (c. 12), s. 17(1)(3)"
    },
    {
      "type": "C",
      "label": "C1",
      "text": "S. 1217RG(4) modified (temp.) (with application in accordance with s. 19(1)-(3) of the amending Act) by Finance Act 2022 (c. 3), s. 19(1)-(3) (as amended (11.7.2023) by Finance (No. 2) Act 2023 (c. 30), s. 14(1)(b)(2)(b))"
    },
    {
      "type": "C",
      "label": "C2",
      "text": "Pt. 15D modified (with application in accordance with s. 19(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 19(1)(4)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2009/4/section/1217RG",
    "retrieved_at": "2026-10-29T09:11:19.560467+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}