Section 1217FC — Corporation Tax Act 2009: “Production company”

“Production company” 1217FC 1 A company is the production company in relation to a theatrical production if the company (acting otherwise than in partnership)—

a is responsible for producing, running and closing the theatrical production, b is actively engaged in decision-making during the production, running and closing phases, c makes an effective creative, technical and artistic contribution to the production, and d directly negotiates for, contracts for and pays for rights, goods and services in relation to the production.

2 No more than one company can be the production company in relation to a theatrical production.

3 If more than one company meets the conditions in subsection (1) in relation to a theatrical production, the company that is most directly engaged in the activities mentioned in subsection (1) is the production company.

4 If there is no company meeting the conditions in subsection (1), there is no production company in relation to the production.