[F11216BActivities of television production company treated as a separate tradeU.K.
(1)This Chapter applies for corporation tax purposes to a company that is the television production company in relation to a [F2qualifying] relevant programme.
(2)The company's activities in relation to the programme are treated as a trade separate from any other activities of the company (including any activities in relation to any other [F3qualifying relevant] programme).
(3)In this Chapter the separate trade is called “the separate programme trade”.
(4)The company is treated as beginning to carry on the separate programme trade—
(a)when pre-production begins, or
(b)if earlier, when any income from the relevant programme is received by the company.
[F4(5)In this section “qualifying relevant programme” means a relevant programme in relation to which the conditions for television tax relief are met (see section 1216C(2)).]]
Textual Amendments
F1Pt. 15A inserted (17.7.2013 for specified purposes, 19.7.2013 in so far as not already in force, and with effect in accordance with Sch. 16 para. 3 of the amending Act) by Finance Act 2013 (c. 29), Sch. 16 paras. 1, 2; S.I. 2013/1817, art. 2(1)
F2Word in s. 1216B(1) inserted (17.7.2014) by Finance Act 2014 (c. 26), s. 33(3)(a)
F3Words in s. 1216B(2) substituted (17.7.2014) by Finance Act 2014 (c. 26), s. 33(3)(b)
F4S. 1216B(5) inserted (17.7.2014) by Finance Act 2014 (c. 26), s. 33(3)(c)