Part 1 Amendments of CTA 2009
Finance Act 2014 (2014 c 26) | Legislation

SCHEDULE 4 Tax Relief for Theatrical Production

Section 36

Part 1 Amendments of CTA 2009

1

Before Part 16 of CTA 2009 insert—

“Part 15C
Theatrical Productions
Introduction
1217¹óÌý°¿±¹±ð°ù±¹¾±±ð·É

(1)     This Part contains provision about tax relief for production companies in respect of their theatrical productions.

(2)     Sections 1217FA to 1217FC define “production company†and “theatrical productionâ€.

(3)     Section 1217G sets out the conditions a production company must meet to qualify for relief in relation to its theatrical production.

(4)     Section 1217H provides for relief by way of additional deductions in respect of certain expenditure (and section 1217J is about the amount of the additional deduction).

(5)     This Part also contains provision—

(a)     for a company that claims relief to be treated as carrying on a separate trade relating to the theatrical production (see section 1217H(3)), and

(b)     about the calculation of the profits and losses of that trade (see sections 1217I to 1217IF).

(6)     Sections 1217K to 1217KC—

(a)     provide for relief by way of payments (called “theatre tax creditsâ€) to be made on the company's surrender of certain losses of that trade, and

(b)     set out an upper limit on relief, in connection with State aid

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