Finance Act 2014 Explanatory Notes

Background Note

3.The television production tax relief was introduced by Finance Act 2013.  Part 15A provides the rules for claiming tax credits on qualifying expenditure for high-end television or animation productions.

4.This tax relief allows qualifying companies engaged in the production of animation and high-end television intended for release to the general public to claim an additional deduction in computing their taxable profits and where that additional deduction results in a loss, to surrender that loss for a payable tax credit.

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