Search Legislation

Advanced Search

Finance Act 2015

Details of the Section

2.Subsection (1) states that Part 15 of Corporation Tax Act (CTA) 2009 is amended.

3.Subsection (2) amends section 1184 to remove the definition of ‘limited budget film’. This means that only a single rate of film tax relief is payable on all films?

4.Subsection (3) amends section 1200(3) to change the rate of enhancement of the additional deduction to 100% for all films.

5.Subsection (4) amends section 1202 to a single rate of 25%.

6.Subsections (5) to (7) make consequential changes to omit references to limited budget films.

7.Subsection (8) states that the amendments made have effect in relation to films whose principal photography commenced before commencement day but are not completed by the commencement day.

8.Subsection (9) specifies that commencement day is specified by Treasury regulations but will not be before 1 April 2015.

Back to top

Options/Help

Print Options

Close

Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources