Corporation Tax Act 2009

[F11217TProvisional entitlement to reliefU.K.

This section has no associated Explanatory Notes

(1)In relation to a company and the production of a concert or concert series, “interim accounting period” means any accounting period that—

(a)is one in which the company carries on a separate orchestral trade, and

(b)precedes the accounting period in which it ceases to do so.

(2)A company is not entitled to orchestra tax relief for an interim accounting period unless—

(a)its company tax return for the period states the amount of planned core expenditure on the production of the concert or concert series that is [F2UK] expenditure (see section 1217RB(2)), and

(b)that amount is such as to indicate that the [F2UK] expenditure condition (see section 1217RB) will be met in relation to the production.

If those requirements are met, the company is provisionally treated in relation to that period as if the [F2UK] expenditure condition were met.]

Textual Amendments

F1Pt. 15D inserted (with effect in accordance with Sch. 8 para. 17(1)(a) of the amending Act) by Finance Act 2016 (c. 24), Sch. 8 para. 1