C1Part 15Film production

Annotations:
Modifications etc. (not altering text)
C1

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))

Chapter 5Provisional entitlement to relief

1213Certification as a British film

1

The company is not entitled to special film relief for an interim accounting period unless its company tax return for the period is accompanied by an interim certificate.

2

If an interim certificate ceases to be in force (otherwise than on being superseded by a final certificate) or is revoked, the company—

a

is not entitled to special film relief for any period for which its entitlement depended on the certificate, and

b

must amend accordingly its company tax return for any such period.

3

If the film is completed by the company—

a

its company tax return for the completion period must be accompanied by a final certificate,

b

if that requirement is met, the final certificate has effect for the completion period and for any interim accounting period, and

c

if that requirement is not met, the company—

i

is not entitled to special film relief for any period, and

ii

must amend accordingly its company tax return for any period for which such relief was claimed.

4

If the company abandons film-making activities in relation to the film—

a

its company tax return for the completion period may be accompanied by an interim certificate, and

b

the abandonment of film-making activities does not affect any entitlement to special film relief in that or any previous accounting period.

5

If a final certificate is revoked, the company—

a

is not entitled to special film relief for any period, and

b

must amend accordingly its company tax return for any period for which such relief was claimed.