456(1)Amend section 40D (election for sections 40A and 40B not to apply) as follows.U.K.
(2)In subsection (1)(a) after “this section” insert “ or under section 143 of ITTOIA 2005 ”.
(3)In subsection (2)(a)(i) for “a person who carries” substitute “ a company within the charge to corporation tax carrying ”.
(4)In subsection (4) for “given—” to the end substitute “ given not later than two years after the end of the relevant period in which the master version of the film is completed. ”
(5)In subsection (7) at the end insert “ or any of that expenditure is deducted under any of sections 137 to 140 of ITTOIA 2005 (corresponding income tax provisions) ”.