Finance Act 2013 (c. 29)

SCHEDULES

SCHEDULE 18 U.K. Television and video games tax relief: consequential amendments

CTA 2009 U.K.

9 U.K. In Part 8 of CTA 2009 (intangible fixed assets), in Chapter 10 (excluded assets), after section 808 insert—

“808A Assets representing production expenditure on certain TV programmes

(1) This Part does not apply to an intangible fixed asset held by a television production company so far as it represents production expenditure on a television programme to which Chapter 2 of Part 15A (taxation of activities of television production company) applies.

(2) In this section—

(a) “television programme” has the same meaning as in Part 15A (see section 1216AA),

(b) “television production company” has the same meaning as in that Part (see section 1216AE), and

(c) “production expenditure” has the same meaning as in that Part (see section 1216AG(2)).

808B Assets representing core expenditure on video games

(1) This Part does not apply to an intangible fixed asset held by a video games development company so far as it represents core expenditure on a video game to which Chapter 2 of Part 15B (taxation of activities of video games development company) applies.

(2) In this section—

(a) “video game” has the same meaning as in Part 15B (see section 1217AA),

(b) “video games development company” has the same meaning as in that Part (see section 1217AB), and

(c) “core expenditure” has the same meaning as in that Part (see section 1217AD).”

Commencement Information

I1 Sch. 18 para. 9 in force at 19.7.2013 for the purposes of the amendment made by that paragraph, so far as relating to television tax relief by S.I. 2013/1817, art. 2(2)

I2 Sch. 18 para. 9 in force at 1.4.2014 for the purposes of the amendment made by that paragraph, so far as relating to video games development tax relief by S.I. 2014/1962, art. 2(3)