Section 1196A — Corporation Tax Act 2009: Intended release or broadcast

Intended release or broadcast 1196A 1 The film must—

a be intended for theatrical release, or b be a television programme intended for broadcast to the general public that meets conditions A to D in section 1216AB (meaning of “ relevant programme ”).

2 For this purpose—

a “ theatrical release ” means exhibition to the paying public at the commercial cinema, b a film is not regarded as intended for theatrical release unless it is intended that a significant proportion of the earnings from the film should be obtained by such exhibition, and c “ television programme ” has the same meaning as in Part 15A (see section 1216AA).

3 Whether the condition in subsection (1) is met is determined for each accounting period of the company during which film-making activities are carried on in relation to the film, in accordance with the following rules.

4 If the condition in subsection (1) is met at the end of an accounting period, it is treated as having been met throughout that period (subject to subsection (5)(b) ).

5 If the condition in subsection (1) is not met at the end of an accounting period—

a it is treated as having been not met throughout that period, and b it cannot be met in any subsequent accounting period. This does not affect any entitlement of the company to relief in an earlier accounting period for which the condition in subsection (1) was met.