Section 1179AA — Corporation Tax Act 2009: Qualifying companies and productions

Qualifying companies and productions 1179AA 1 Chapters 2 and 3 apply where there is a qualifying production and a qualifying company for that production.

2 The later Chapters supply the meanings of those terms.

3 See in particular—

a section 1179D , in relation to films and television programmes;

b section 1179F , in relation to video games.

4 Whether a company is the qualifying company for a qualifying production (including whether the production is a qualifying production) is to be assessed separately in relation to each accounting period of the company.

5 The assessment is to be made by reference to the state of affairs at the end of that period.

6 So far as future events are relevant to the assessment, it is to be made by reference to the reasonable expectations of the company at that time.

7 Subsections (5) and (6) are subject to any provision of this Part that provides for —

a a production no longer to be regarded as a qualifying production in an accounting period as a result of events after the end of that period ;

b the submission of a film, television programme or video game certificate after the end of an accounting period.

8 Once a qualifying company has made an election under section 1179B (1) in respect of a qualifying production, no other company can subsequently be the qualifying company for that production.

9 In this Part, “production”, except when contained in another defined term or used to refer to the act of producing something, means—

a a film (see section 1179DA ),

b a television programme (see section 1179DD ), or c a video game.