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Textual Amendments
F1Pt. 15B inserted (17.7.2013 for specified purposes and 1.4.2014 in so far as not already in force) by Finance Act 2013 (c. 29), Sch. 17 paras. 1, 2; S.I. 2014/1962, art. 2(1)(2)
(1)In this Chapter—
“the company” means the video games development company in relation to a video game,
“the completion period” means the accounting period of the company—
in which the video game is completed, or
if the company does not complete the video game, in which it abandons video game development activities in relation to it,
“interim accounting period” means any earlier accounting period of the company during which video game development activities are carried on in relation to the video game,
“interim certificate” and “final certificate” have the meaning given by section 1217CC,
“the separate video game trade” means the company's separate trade in relation to the video game (see section 1217B), and
“special video games relief” means—
video games tax relief, or
relief under section 1217DC (transfer of terminal losses from one video game to another).
(2)The company's company tax return for the completion period must state that the video game has been completed or that the company has abandoned video game development activities in relation to it (as the case may be).]