Schedules
Schedule 2U.K.Films, television programmes and video games
Part 2U.K.Amendments consequential on Part 1
CTA 2009U.K.
5(1)CTA 2009 is amended as follows.
(2)For sections 808 to 808E substitute—
“807AAssets representing expenditure on separate creative production trade
This Part does not apply to an intangible fixed asset held by a company treated as carrying on a separate trade under any of Parts 14A to 15E (production of films, television programmes, video games, theatrical productions, orchestral concerts and museum and gallery exhibitions), so far as the asset represents expenditure of that separate trade.”
(3)In section 1040ZA (restrictions on claiming other reliefs where R&D relief given), before subsection (1) insert—
“(A1)For provision prohibiting audiovisual expenditure credit or video game expenditure credit being given where relief is available under this Part, see sections 1179DT and 1179FL.”
(4)In Schedule 4 (index of defined expressions), at the appropriate places insert—
“accounting period (in Part 14A) | sections 1179DY(1) (in relation to films and television programmes) and 1179FQ(1) (in relation to video games)”; |
“completed (in Part 14A) | sections 1179EB (in relation to films and television programmes) and 1179FS (in relation to video games)”; |
“completion period (in Part 14A) | sections 1179DY(2) (in relation to films and television programmes) and 1179FQ(2) (in relation to video games)”; |
“core expenditure | sections 1179DS (in relation to films and television programmes) and 1179FK (in relation to video games)”; |
“pre-completion period (in Part 14A) | sections 1179DY(4) (in relation to films and television programmes) and 1179FQ(4) (in relation to video games)”; |
“qualifying company (in Part 14A) | sections 1179D(1) (in relation to films and television programmes) and 1179F(1) (in relation to video games); and see also section 1179BA(5)”; |
“qualifying production (in Part 14A) | sections 1179D(1) (in relation to films and television programmes) and 1179F(1) (in relation to video games); and see also section 1179BA(5)”; |