Section 1212 — Corporation Tax Act 2009: Introduction

Introduction 1212 1 In this Chapter— “ the company ” means the film production company in relation to a film, “ the completion period ” means the accounting period of the company—

in which the film is completed, or if the company does not complete the film, in which it abandons film-making activities in relation to it, “ interim accounting period ” means any earlier accounting period of the company during which film-making activities are carried on in relation to the film, “interim certificate” and “final certificate” refer to certificates under Schedule 1 to the Films Act 1985 (c. 21) (certification of films as British films for purposes of film tax relief), “ the separate film trade ” means the company's separate trade in relation to the film (see section 1188), and “ special film relief ” means— film tax relief, or relief under section 1211 (transfer of terminal losses from one qualifying film to another).

2 The company's company tax return for the completion period must state that the film has been completed or that the company has abandoned film-making activities in relation to it (as the case may be).