Finance Act 2024

Productions not moving into new regime

19 (1) Sub-paragraphs (2) and (3) apply if, but for this paragraph, Part 15, 15A or 15B of CTA 2009 would apply to a company in relation to a film, television programme or video game in respect of an accounting period beginning on or before but ending after the relevant closure date.

(2) The company is to be treated for the purposes of the Part in question as if, at the end of the relevant closure date, it—

(a) ceased the separate trade that it is treated as carrying on under that Part, and

(b) abandoned its activities in relation to the film, television programme or video game.

(3) No election under section 1179B(1) of CTA 2009 may be made in relation to the film, television programme or video game.

(4) The date that is the relevant closure date for the purposes of paragraph 18 is also the relevant closure date for the purposes of this paragraph.