F1PART 15ATelevision production
Annotations:
Amendments (Textual)
CHAPTER 2Taxation of activities of television production company
Supplementary
1216BCCosts of the relevant programme
1
References in this Chapter to the costs of the relevant programme are to expenditure incurred by the company on—
a
television production activities in connection with the programme, or
b
activities with a view to exploiting the programme.
2
This is subject to any provision of the Corporation Tax Acts prohibiting the making of a deduction, or restricting the extent to which a deduction is allowed, in calculating the profits of a trade.
3
Expenditure that (apart from this subsection) would be regarded as of a capital nature by reason only of being incurred on the creation of an asset (the relevant programme) is treated as being of a revenue nature.
Pt. 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)