SCHEDULES

SCHEDULE 5 U.K.Film tax relief: further provisions

Part 1 U.K.Entitlement to film tax relief

Trading loss reduced by amount surrendered for film tax credit U.K.

11 U.K.The amount of a film production company's trading loss for an accounting period is reduced by any amount surrendered for a film tax credit.

Modifications etc. (not altering text)

C1 Sch. 5 para. 11 modified (retrospectively) by Finance (No. 3) Act 2010 (c. 33), s. 14(8)