Section 1217QA — Corporation Tax Act 2009: Election for concert series

Election for concert series 1217QA 1 An election under section 1217Q(4) must be made by the company by notice in writing to an officer of Her Majesty's Revenue and Customs —

a before the date on which the company first delivers a company tax return for a period in relation to which a concert in the series falls to be treated in accordance with section 1217Q, or b if later, before the date of the first concert in the series.

2 An election has effect in relation to the orchestral concerts specified in it, and must also specify which of those concerts (if any) are not to be qualifying orchestral concerts (see section 1217RA(3)).

3 An election—

a may have effect in relation to concerts in two or more accounting periods, and b is irrevocable.

4 If the separate orchestral trade relates to a concert series, the company is treated as beginning to carry on that trade—

a at the beginning of the pre-performance stage of the first concert in the series, or b if earlier, at the time of the first receipt by the company of any income from the production of the concert series.