Corporation Tax Act 2009 section 1217RI

Payment in respect of orchestra tax credit

Section 1217RI sets out how orchestra tax credits are paid to qualifying companies, including the conditions that must be met before payment is made and how the credit interacts with other tax liabilities.

• Where a company is entitled to an orchestra tax credit and makes a claim, HMRC must pay the credit amount to the company
• The credit (or interest on it) can be offset against any corporation tax the company owes, reducing HMRC's payment obligation accordingly
• Payment may be withheld or made on a provisional basis if HMRC is enquiring into the company's tax return for that period
• No payment is required until the company has met all its obligations for PAYE, visiting performer deductions and Class 1 national insurance contributions for payment periods falling within the accounting period