Corporation Tax Act 2009

[F1 1217D Application of sections 1217DA and 1217DB U.K.

(1) Sections 1217DA and 1217DB apply to a company that is the video games development company in relation to a video game.

(2) In those sections—

• “the completion period” means the accounting period of the company—

  (a)

  in which the video game is completed, or

  (b)

  if the company does not complete the video game, in which it abandons video game development activities in relation to the video game,

• “loss relief” includes any means by which a loss might be used to reduce the amount in respect of which the company, or any other person, is chargeable to tax,

• “pre-completion period” means an accounting period of the company before the completion period, and

• “the separate video game trade” means the company's separate trade in relation to the video game (see section 1217B).]

Textual Amendments

F1 Pt. 15B inserted (for specified purposes and with effect in accordance with Sch. 17 para. 3 of the amending Act) by Finance Act 2013 (c. 29), Sch. 17 paras. 1, 2