Section 1179DY — Corporation Tax Act 2009: Accounting periods

Accounting periods 1179DY 1 A reference to an accounting period, in relation to a film or television programme, is a reference to an accounting period of the production company for the film or programme.

2 A reference to the “ completion period ”, in relation to a film or television programme, is a reference to the accounting period in which—

a the film or programme is completed (see section 1179EB ), or b the production company abandons production activities in relation to the film or programme.

3 The production company for a film or television programme must, in its company tax return for the completion period, state whichever of those has occurred.

4 A reference to a “ pre-completion period ”, in relation to a film or television programme, is a reference to any accounting period before the completion period in relation to that film or programme.

5 In this section, “ production company ” includes a company that is no longer the production company for the film or television programme but is still carrying on the separate production trade in relation to it.