C1Part 15Film production
Chapter 3Film tax relief
Introductory
1195Availability and overview of film tax relief
1
This Chapter applies for corporation tax purposes to a company that is the film production company in relation to a film.
2
Relief under this Chapter (“film tax relief”) is available to the company if the conditions specified in the following sections are met in relation to the film—
a
section 1196 (intended theatrical release),
b
section 1197 (British film), and
c
section 1198 (UK expenditure).
3
Film tax relief is given by way of—
a
additional deductions (see sections 1199 and 1200), and
b
film tax credits (see sections 1201 to 1203).
F13A
But film tax relief is not available in respect of any expenditure if—
a
the company is entitled to an R&D expenditure credit under Chapter 6A of Part 3 in respect of the expenditure, or
b
the company has obtained relief under Part 13 (additional relief for expenditure on research and development) in respect of the expenditure.
4
Sections 1204 to 1207 contain provision about unpaid costs, artificially inflated claims and confidentiality of information.
5
In this Chapter “the separate film trade” means the company's separate trade in relation to the film (see section 1188).
6
See Schedule 18 to FA 1998 (in particular, Part 9D) for information about the procedure for making claims for film tax relief.
Pt. 15 applied (with modifications) by S.I. 2007/1050, regs. 3-12 (as amended (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 2 para. 131 (with Sch. 2 Pts. 1, 2))