Explanatory Notes

Finance Act 2015

2015 CHAPTER 11

26 March 2015

Introduction

Section 31: Television Tax Relief

Details of the Section

2.Subsection (1) lowers the UK expenditure condition in section 1216CE(1) of Corporation Tax Act 2009 from 25% to 10%.

3.Subsection (2) states amendments made have effect in relation to programmes whose principal photography commenced before commencement day but are not completed by the commencement day.