# Finance (No. 2) Act 2024, Section 16: Increase in theatre tax credit

Extent: E+W+S+N.I.

(1) In section 1217K(4) of CTA 2009 (amount of theatre tax credit)—
(a) in paragraph (a), for “25%” substitute “45%”, and
(b) in paragraph (b), for “20%” substitute “40%”.
(2) In section 17 of FA 2022 (which provided for a temporary increase in the amount of theatre tax credit)—
(a) omit subsection (3), and
(b) in subsection (4), for “, 1 April 2025 or 1 April 2026” substitute “or 1 April 2025”.
(3) The amendments made by this section have effect in relation to accounting periods beginning on or after 1 April 2025 (but see section 17(4) of FA 2022 for accounting periods which straddle that date).

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Source: https://www.legislation.gov.uk/ukpga/2024/12/section/16 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2024/section-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.