Section 1179FQ — Corporation Tax Act 2009: Accounting periods

Accounting periods 1179FQ 1 A reference to an accounting period, in relation to a video game, is a reference to an accounting period of the development company for the video game.

2 A reference to the “ completion period ”, in relation to a video game, is a reference to the accounting period in which—

a the video game is completed (see section 1179FS ), or b the development company abandons development activities in relation to the video game.

3 The development company for a video game 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 video game, is a reference to any accounting period before the completion period in relation to that video game.

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