Corporation Tax Act 2009

1212 Introduction

(1) In this Chapter—

• “the company” means the film production company in relation to a film,

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

  (a)

  in which the film is completed, or

  (b)

  if the company does not complete the film, in which it abandons film-making activities in relation to it,

• “interim accounting period” means any earlier accounting period of the company during which film-making activities are carried on in relation to the film,

• “interim certificate” and “final certificate” refer to certificates under Schedule 1 to the Films Act 1985 (c. 21) (certification of films as British films for purposes of film tax relief),

• “the separate film trade” means the company’s separate trade in relation to the film (see section 1188), and

• “special film relief” means—

  (a)

  film tax relief, or

  (b)

  relief under section 1211 (transfer of terminal losses from one qualifying film to another).

(2) The company’s company tax return for the completion period must state that the film has been completed or that the company has abandoned film-making activities in relation to it (as the case may be).