Section 1216A — Corporation Tax Act 2009: Overview of Part

Overview of Part 1216A 1 This Part is about television production.

2 Sections 1216AA to 1216AJ contain definitions and other provisions about interpretation that apply for the purposes of this Part. See, in particular—

a section 1216AB, which explains what is meant by a “relevant programme”, and b section 1216AE, which explains how a company comes to be treated as the television production company in relation to a relevant programme.

3 Chapter 2 is about the taxation of the activities of a television production company and includes—

a provision for the company's activities in relation to each qualifying relevant programme to be treated as a separate trade, and b provision about the calculation of the profits and losses of that trade.

4 Chapter 3 is about relief (called “television tax relief”) which can be given to a television production company—

a by way of additional deductions to be made in calculating the profits or losses of the company's separate trade, or b by way of a payment (a “television tax credit”) to be made on the company's surrender of losses from that trade.

5 Chapter 4 is about the relief which can be given for losses made by a television production company in its separate trade, including provision for certain such losses to be transferred to other separate trades.

6 Chapter 5 provides—

a for relief under Chapters 3 and 4 to be given on a provisional basis, and b for such relief to be withdrawn if it turns out that conditions that must be met for such relief to be given are not actually met.