Part 1 Amendments of Part 15E of CTA 2009
Finance Act 2024 (2024 c 3) | Legislation

SCHEDULE 5 Museum and Gallery Exhibitions

Section 6

Part 1 Amendments of Part 15E of CTA 2009

Introduction

1

Part 15E of CTA 2009 (museum and gallery exhibition tax relief) is amended as follows.

Museum and gallery exhibitions not to be wholly remote

2

(1)     In section 1218ZAA (meaning of “exhibitionâ€), after subsection (4) insert—

“(4A)     “Admitted†means admitted in person to the venue where the objects or works are displayed.â€

(2)     That amendment has effect in relation to an exhibition only where the production phase begins on or after 1 April 2024.

Meaning of “core expenditureâ€

3

(1)     In section 1218ZCD(7) (expenditure that is not “core expenditure†on museum or gallery exhibition), in paragraph (a), for “and promotional events†substitute “, promotional events, and the provision of incidental goods or services to visitorsâ€.

(2)     That amendment has effect in relation to expenditure incurred on or after 1 April 2024.

UK expenditure threshold to replace European expenditure threshold

4

(1)     In section 1218ZCC (European expenditure condition)—

(a)     in the heading, for “European†substitute “UKâ€;

(b)     in subsection (1)—

(i)     for “European†(in both places it occurs) substitute “UKâ€;

(ii)     for “25%†substitute “10%â€;

(c)

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Direct discrimination

Direct discriminationIP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an

LEXISNEXIS

Community order requirements

Community order requirementsThis Practice Note reflects the procedural code for sentencing offenders in England and Wales (Sentencing Code) that applies from 1 December 2020, as set out in Parts 2–13 of the Sentencing Act 2020 (SA 2020). For those considering whether the Sentencing Code applies to

LEXISNEXIS

Negligent misstatement—defences and remedies

Negligent misstatement—defences and remediesThere are a number of ways in which liability for negligent misstatement may be avoided and/or limited. For details on founding a claim of negligent misstatement, see Practice Note: Negligent misstatement—founding a claim.For guidance generally on clauses

LEXISNEXIS

CPR Part 8 claims (alternative procedure for claims)

CPR Part 8 claims (alternative procedure for claims)This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further