F1PART 15ATelevision production
CHAPTER 4Programme losses
1216DApplication of sections 1216DA and 1216DB
1
Sections 1216DA and 1216DB apply to a company that is the television production company in relation to a relevant programme.
2
In those sections—
“the completion period” means the accounting period of the company—
- a
in which the relevant programme is completed, or
- b
if the company does not complete the relevant programme, in which it abandons television production activities in relation to the programme,
- a
“loss relief” includes any means by which a loss might be used to reduce the amount in respect of which the company, or any other person, is chargeable to tax,
“pre-completion period” means an accounting period of the company before the completion period, and
“the separate programme trade” means the company's separate trade in relation to the relevant programme (see section 1216B).
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)