SCHEDULE 6 Administration of Creative Sector Reliefs
Finance Act 2024 (2024 c 3) | Legislation

SCHEDULE 6 Administration of Creative Sector Reliefs

Section 7

Power to recover overpayments

1

(1)     Paragraph 52 of Schedule 18 to FA 1998 (recovery of excessive payments) is amended as follows.

(2)     In sub-paragraph (1), in the words before paragraph (a), for “paragraph†substitute “sub-paragraphâ€.

(3)     In sub-paragraph (2)—

(a)     for “This paragraph†substitute “Sub-paragraph (1)â€;

(b)     omit paragraphs (bd) to (bi).

(4)     In sub-paragraph (2A), after paragraph (c) insert “, or

(d)     creative sector credit,â€.

(5)     After sub-paragraph (2A) insert—

“(2B)     In this paragraph, “creative sector credit†means—

(a)     audiovisual expenditure credit or video game expenditure credit

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Novation—why and how to novate a contract

Novation—why and how to novate a contractThere may be times when, rather than assigning the benefit of an agreement to a third party, the original parties wish instead to end their obligations to each other under that agreement and, in effect, recreate it, with the third party stepping into the

LEXISNEXIS

Strict liability

Strict liabilityStrict liabilityWhen an offence does not require proof of a mental element it is an offence of strict liability. There are some common law offences of strict liability (eg public nuisance, outraging public decency and contempt) most though are statutory, arising often under

LEXISNEXIS

The Standard Provisions of the Society of Trust and Estate Practitioners (STEP)

The Standard Provisions of the Society of Trust and Estate Practitioners (STEP)FORTHCOMING CHANGE: The Society of Trust and Estate Practitioners (STEP) is currently reviewing and revising the STEP Standard provisions and intends to release the 3rd edition later in 2021.Trustees' powersAs trusts can

LEXISNEXIS

Indirect effect of EU law

Indirect effect of EU lawWhat is indirect effect of EU law?The doctrine of indirect effect, or consistent interpretation, is a duty that national courts have, as part of the Member State responsible for fulfilment of EU obligations, to interpret national law in light of EU law, especially with