F4PART 15ATelevision production
CHAPTER 2Taxation of activities of television production company
Separate programme trade
1216BActivities of television production company treated as a separate trade
1
This Chapter applies for corporation tax purposes to a company that is the television production company in relation to a F3qualifying relevant programme.
2
The company's activities in relation to the programme are treated as a trade separate from any other activities of the company (including any activities in relation to any other F2qualifying relevant programme).
3
In this Chapter the separate trade is called “the separate programme trade”.
4
The company is treated as beginning to carry on the separate programme trade—
a
when pre-production begins, or
b
if earlier, when any income from the relevant programme is received by the company.
F15
In this section “qualifying relevant programme” means a relevant programme in relation to which the conditions for television tax relief are met (see section 1216C(2)).
Pt. 15A inserted (17.7.2013 for specified purposes, 19.7.2013 in so far as not already in force, and with effect in accordance with Sch. 16 para. 3 of the amending Act) by Finance Act 2013 (c. 29), Sch. 16 paras. 1, 2; S.I. 2013/1817, art. 2(1)