SCHEDULES

SCHEDULE 18Television and video games tax relief: consequential amendments

FA 1998

2

Schedule 18 to FA 1998 (company tax returns, assessments and related matters) is amended as follows.

3

(1)

Paragraph 10 (other claims and elections to be included in return) is amended as follows.

(2)

In sub-paragraph (4), for “film tax relief” substitute “ tax relief under Part 15, 15A or 15B of the Corporation Tax Act 2009 ”.

(3)

After sub-paragraph (5) insert—

“(6)

An election under section 1216AE(7) of the Corporation Tax Act 2009 (election not to be a television production company) can only be made by being included in a company tax return (see section 1216AE(8)(a) of that Act).

(7)

An election under section 1217AB(6) of the Corporation Tax Act 2009 (election not to be a video games development company) can only be made by being included in a company tax return (see section 1217AB(7)(a) of that Act).”

4

(1)

Paragraph 52 (recovery of excessive overpayments etc) is amended as follows.

(2)

In sub-paragraph (2), after paragraph (bd) insert—

“(be)

television tax credit under Part 15A of that Act,

(bf)

video game tax credit under Part 15B of that Act,”.

(3)

In sub-paragraph (5)—

(a)

after paragraph (af) insert—

“(ag)

an amount of television tax credit paid to a company for an accounting period,

(ah)

an amount of video game tax credit paid to a company for an accounting period,”;

(b)

after “(ae)” insert “ , (ag), (ah) ”.

5

(1)

Part 9D (claims for film tax relief) is amended as follows.

(2)

In paragraph 83S (introduction), for “film tax relief” substitute“the following reliefs—

(a)

film tax relief,

(b)

television tax relief,

(c)

video games tax relief.”

(3)

The heading of that Part becomes “ Claims for tax relief under Part 15, 15A or 15B of the Corporation Tax Act 2009 ”.