Section 1218ZAC — Corporation Tax Act 2009: Primary production company

Primary production company 1218ZAC 1 In this Part a company is the primary production company for an exhibition if the company (acting otherwise than in partnership) meets conditions A and B.

2 Condition A is that the company—

a makes an effective creative, technical or artistic contribution to the exhibition, and b directly negotiates for, contracts for and pays for rights, goods and services in relation to the exhibition.

3 Condition B is that—

a where the exhibition is held at just one venue, the company is responsible for the production of the exhibition at that venue;

b where the exhibition is held at two or more venues, the company is responsible for the production of the exhibition at one or more of those venues.

4 For the purposes of this section and section 1218ZAD, a company is responsible for the production of the exhibition at a venue if—

a it is responsible for producing and running the exhibition at the venue, b where the exhibition is at the venue for a limited time, it is responsible for deinstalling and closing the exhibition at the venue, and c it is actively engaged in decision-making in relation to the exhibition at the venue.

5 If more than one company meets conditions A and B in relation to the production of the exhibition, the company that most directly meets those conditions is the primary production company for the exhibition.

6 If no company meets conditions A and B in relation to the production of the exhibition, there is no primary production company for the exhibition.