Corporation Tax Act 2009
Sections and provisions with full text and the judgments that cite each one.
Section 1217MB — Use of losses in the completion period
Use of losses in the completion period 1217MB 1 Subsection (2) applies if a loss made in the separate theatrical trade is carried forward under section 45 or 45B of CTA 2010 to the completion period.…
Section 1217OB — Index
Index 1217OB In this Part— “ commercial purpose condition ” has the meaning given by section 1217GA; “ company tax return ” has the meaning given by section 1217OA; “ core expenditure ” has the…
Section 1217PB — Production company
Production company 1217PB 1 A company is the production company in relation to a concert if the company (acting otherwise than in partnership)— a is responsible for putting on the concert from the…
Section 1217QB — Calculation of profits or losses of separate orchestral trade
Calculation of profits or losses of separate orchestral trade 1217QB 1 This section applies for the purpose of calculating the profits or losses of the separate orchestral trade. 2 For the first…
Section 1217RB — The UK expenditure condition
The UK expenditure condition 1217RB 1 The “ UK expenditure condition” is that at least 10% of the core expenditure on the production of the concert or concert series incurred by the company is UK…
Section 1217SB — Use of losses in the completion period
Use of losses in the completion period 1217SB 1 Subsection (2) applies if a loss made in the separate orchestral trade is carried forward under section 45 or 45B of CTA 2010 to the completion period.…
Section 1217AC — “Video game development activities” etc
“Video game development activities” etc 1217AC 1 In this Part “ video game development activities ”, in relation to a video game, means the activities involved in designing, producing and testing the…
Section 1217BC — Costs of the video game
Costs of the video game 1217BC 1 References in this Chapter to the costs of the video game are to expenditure incurred by the company on— a video game development activities in connection with the…
Section 1217C — Availability and overview of video games tax relief
Availability and overview of video games tax relief 1217C 1 This Chapter applies for corporation tax purposes to a company that is the video games development company in relation to a video game. 2…
Section 1217CC — Applications for certification
Applications for certification 1217CC 1 An application for certification of a video game as a British video game is to be made to the Secretary of State by the video games development company. 2 The…
Section 1217DC — Terminal losses
Terminal losses 1217DC 1 This section applies if— a a company (“company A”) is the video games development company in relation to a qualifying video game, b company A ceases to carry on its separate…
Section 1217EC — Time limit for amendments and assessments
Time limit for amendments and assessments 1217EC Any amendment or assessment necessary to give effect to the provisions of this Chapter may be made despite any limitation on the time within which an…
Section 1217FC — “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…
Section 1217GC — “Core expenditure”
“Core expenditure” 1217GC 1 In this Part “ core expenditure ”, in relation to a theatrical production, means expenditure on the activities involved in— a producing the production, and b closing the…
Section 1217IC — Costs of the production
Costs of the production 1217IC 1 References in this Part to the costs of a theatrical production are to expenditure incurred by the company on— a the activities involved in developing, producing,…
Section 1217KC — Limit on State aid
Limit on State aid 1217KC 1 The total amount of any theatre tax credits payable under section 1217KB in the case of any undertaking is not to exceed 50 million euros per year. 2 In this section “…
Section 1217MC — Terminal losses
Terminal losses 1217MC 1 This section applies if— a the company ceases to carry on the separate theatrical trade, and b if the company had not ceased to carry on the separate theatrical trade, it…
Section 1217QC — Income from the production
Income from the production 1217QC 1 References in this Chapter to income from a production of a concert or concert series are to any receipts by the company in connection with the production or…
Section 1217RC — “Core expenditure”
“Core expenditure” 1217RC 1 In this Part “ core expenditure ”, in relation to the production of a concert or concert series, means expenditure on the activities involved in producing the concert or…
Section 1217SC — Terminal losses
Terminal losses 1217SC 1 This section applies if— a the company ceases to carry on the separate orchestral trade, and b if the company had not ceased to carry on that trade, it could have carried…
Section 1217AD — “Core expenditure”
“Core expenditure” 1217AD 1 In this Part “ core expenditure ”, in relation to a video game, means expenditure on designing, producing and testing the video game. 2 But the following descriptions of…
Section 1217BD — When costs are taken to be incurred
When costs are taken to be incurred 1217BD 1 For the purposes of this Chapter costs are incurred when they are represented in the state of completion of the work in progress. 2 Accordingly— a…
Section 1217CD — Certification and withdrawal of certification
Certification and withdrawal of certification 1217CD 1 If the Secretary of State is satisfied that the requirements are met for interim or final certification of a video game as a British video game,…
Section 1217D — Application of sections 1217DA and 1217DB
Application of sections 1217DA and 1217DB 1217D 1 Sections 1217DA and 1217DB apply to a company that is the video games development company in relation to a video game. 2 In those sections— “ the…
Section 1217ID — When costs are taken to be incurred
When costs are taken to be incurred 1217ID 1 For the purposes of this Part, the costs that have been incurred on a theatrical production at a given time— a are those costs of the production that are…
Section 1217KD — No claim if company in administration or liquidation
No claim if company in administration or liquidation 1217KD 1 A company may not make a claim under section 1217H or section 1217K at a time when it is in administration or liquidation. 2 For the…
Section 1217QD — Costs of the production
Costs of the production 1217QD 1 References in this Chapter to the costs of a production of a concert or concert series are to expenditure incurred by the company on— a activities involved in…
Section 1217RD — Claim for additional deduction
Claim for additional deduction 1217RD 1 A company which qualifies for orchestra tax relief in relation to the production of a concert or concert series may claim an additional deduction in relation…
Section 1217AE — “ European expenditure ” etc
“ European expenditure ” etc 1217AE 1 In this Part, “ European expenditure ”, in relation to a video game, means expenditure on goods or services that are provided from within the United Kingdom or…
Section 1217BE — Estimates
Estimates 1217BE Estimates for the purposes of this Chapter must be made as at the balance sheet date for each period of account, on a just and reasonable basis taking into consideration all relevant…
Section 1217CE — European expenditure
European expenditure 1217CE 1 At least 25% of the core expenditure on the video game incurred by the company must be European expenditure . 2 The Treasury may by regulations amend the percentage…
Section 1217E — Introduction
Introduction 1217E 1 In this Chapter— “ the company ” means the video games development company in relation to a video game, “ the completion period ” means the accounting period of the company— in…
Section 1217IE — Pre-trading expenditure
Pre-trading expenditure 1217IE 1 This section applies if, before the company begins to carry on the separate theatrical trade, it incurs expenditure on activities falling within section 1217IC(1)(a).…
Section 1217QE — When costs are taken to be incurred
When costs are taken to be incurred 1217QE 1 For the purposes of this Chapter, the costs that have been incurred on a production of a concert or concert series at a given time do not include any…
Section 1217RE — Amount of additional deduction
Amount of additional deduction 1217RE 1 The amount of an additional deduction to which a company is entitled as a result of a claim under section 1217RD is calculated as follows. 2 For the first…
Section 1217AF — “Company tax return”
“Company tax return” 1217AF In this Part “ company tax return ” has the same meaning as in Schedule 18 to FA 1998 (see paragraph 3(1)).
Section 1217CF — Additional deduction for qualifying expenditure
Additional deduction for qualifying expenditure 1217CF 1 If video games tax relief is available to the company, it may (on making a claim) make an additional deduction in respect of qualifying…
Section 1217F — Overview
Overview 1217F 1 This Part contains provision about tax relief for production companies in respect of their theatrical productions. 2 Sections 1217FA to 1217FC define “production company” and…
Section 1217IF — Estimates
Estimates 1217IF Estimates for the purposes of section 1217IA must be made as at the balance sheet date for each period of account, on a just and reasonable basis taking into consideration all…
Section 1217QF — Pre-trading expenditure
Pre-trading expenditure 1217QF 1 This section applies if, before the company begins to carry on the separate orchestral trade, it incurs expenditure on activities falling within section 1217QD(1)(a).…
Section 1217RF — “Qualifying expenditure”
“Qualifying expenditure” 1217RF 1 In this Chapter “ qualifying expenditure ”, in relation to the production of a concert or concert series, means core expenditure (see section 1217RC) on the…
Section 1217CG — Amount of additional deduction
Amount of additional deduction 1217CG 1 For the first period of account during which the separate video game trade is carried on, the amount of the additional deduction is— E where E is— so much of…
Section 1217G — How a company qualifies for relief
How a company qualifies for relief 1217G 1 A company qualifies for relief in relation to a theatrical production if— a it is the production company in relation to the production, and b the commercial…
Section 1217QG — Estimates
Estimates 1217QG Estimates for the purposes of section 1217QB must be made as at the balance sheet date for each period of account, on a just and reasonable basis taking into consideration all…
Section 1217RG — Orchestra tax credit claimable if company has surrenderable loss
Orchestra tax credit claimable if company has surrenderable loss 1217RG 1 A company which qualifies for orchestra tax relief in relation to the production of a concert or concert series may claim an…
Section 1217CH — Video game tax credit claimable if company has surrenderable loss
Video game tax credit claimable if company has surrenderable loss 1217CH 1 If video games tax relief is available to the company, it may claim a video game tax credit for an accounting period in…
Section 1217H — Claim for additional deduction
Claim for additional deduction 1217H 1 A company which qualifies for relief in relation to a theatrical production may claim an additional deduction in relation to the production. 2 A claim under…
Section 1217RH — Amount of surrenderable loss
Amount of surrenderable loss 1217RH 1 The company's surrenderable loss in the accounting period is— a the company's available loss for the period in the separate orchestral trade (see subsections (2)…
Section 1217CI — Surrendering of loss and amount of video game tax credit
Surrendering of loss and amount of video game tax credit 1217CI 1 The company may surrender the whole or part of its surrenderable loss in an accounting period. 2 If the company surrenders the whole…
Section 1217I — Introduction to sections 1217IA to 1217IF
Introduction to sections 1217IA to 1217IF 1217I Where a company is treated under section 1217H(3)(a) as carrying on a separate trade (“the separate theatrical trade”), the profits or losses of the…