F1PART 15ATelevision production
Annotations:
Amendments (Textual)
CHAPTER 2Taxation of activities of television production company
Supplementary
1216BBIncome from the relevant programme
1
References in this Chapter to income from the relevant programme are to any receipts by the company in connection with the making or exploitation of the programme.
2
This includes—
a
receipts from the sale of the programme or rights in it,
b
royalties or other payments for use of the programme or aspects of it (for example, characters or music),
c
payments for rights to produce games or other merchandise, and
d
receipts by the company by way of a profit share agreement.
3
Receipts that (apart from this subsection) would be regarded as of a capital nature are treated as being of a revenue nature.
Pt. 15A inserted (17.7.2003 for specified purposes, 19.7.2003 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)