Corporation Tax Act 2009
Sections and provisions with full text and the judgments that cite each one.
Section 1217RI — Payment in respect of orchestra tax credit
Payment in respect of orchestra tax credit 1217RI 1 If a company— a is entitled to an orchestra tax credit for an accounting period, and b makes a claim, the Commissioners for Her Majesty's Revenue…
Section 1217CJ — Payment in respect of video game tax credit
Payment in respect of video game tax credit 1217CJ 1 If the company— a is entitled to a video game tax credit for a period, and b makes a claim, the Commissioners for Her Majesty's Revenue and…
Section 1217J — Amount of additional deduction
Amount of additional deduction 1217J 1 The amount of an additional deduction to which a company is entitled as a result of a claim under section 1217H is calculated as follows. 2 For the first period…
Section 1217RJ — Limit on State aid
Limit on State aid 1217RJ In accordance with Commission Regulation ( EU ) No. 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market (as that Regulation had…
Section 1217CK — No account to be taken of amount if unpaid
No account to be taken of amount if unpaid 1217CK 1 In determining for the purposes of this Chapter the amount of costs incurred on a video game at the end of a period of account, ignore any amount…
Section 1217K — Theatre tax credit claimable if company has surrenderable loss
Theatre tax credit claimable if company has surrenderable loss 1217K 1 A company which— a is treated under section 1217H(3) as carrying on a separate trade during the whole or part of an accounting…
Section 1217RK — No account to be taken of amount if unpaid
No account to be taken of amount if unpaid 1217RK 1 In determining for the purposes of this Chapter the amount of costs incurred on a production of a concert or concert series at the end of a period…
Section 1217CL — Artificially inflated claims for additional deduction or tax credit
Artificially inflated claims for additional deduction or tax credit 1217CL 1 So far as a transaction is attributable to arrangements entered into wholly or mainly for a disqualifying purpose, it is…
Section 1217RL — Tax avoidance arrangements
Tax avoidance arrangements 1217RL 1 A company does not qualify for orchestra tax relief in relation to the production of a concert or concert series if there are any tax avoidance arrangements…
Section 1217CM — Confidentiality of information
Confidentiality of information 1217CM 1 Section 18(1) of the Commissioners for Revenue and Customs Act 2005 (restriction on disclosure by Revenue and Customs officials) does not prevent disclosure to…
Section 1217M — Application of sections 1217MA to 1217MC
Application of sections 1217MA to 1217MC 1217M 1 Sections 1217MA to 1217MC apply to a company that is treated under section 1217H(3) as carrying on a separate trade in relation to a theatrical…
Section 1217RM — Transactions not entered into for genuine commercial reasons
Transactions not entered into for genuine commercial reasons 1217RM 1 A transaction is to be ignored for the purpose of determining orchestra tax relief so far as the transaction is attributable to…
Section 1217CN — Wrongful disclosure
Wrongful disclosure 1217CN 1 A person (“X”) commits an offence if— a X discloses revenue and customs information relating to a person (as defined in section 19(2) of the Commissioners for Revenue and…
Section 1217N — Provisional entitlement to relief
Provisional entitlement to relief 1217N 1 In relation to a company that has made a claim under section 1217H in relation to a theatrical production, “ interim accounting period ” means any accounting…
Section 1217O — Activities involved in developing, producing, running or closing a production
Activities involved in developing, producing, running or closing a production 1217O The Treasury may by regulations amend section 1217GC (core expenditure) or 1217IC (costs of production) for the…
Section 1217P — Overview
Overview 1217P 1 This Part is about the production of orchestral concerts, and applies for corporation tax purposes. 2 This Chapter explains what is meant by “orchestral concert” and how a company…
Section 1217Q — Separate orchestral trade
Separate orchestral trade 1217Q 1 Subsection (2) applies to a company in relation to a concert if— a the company qualifies for orchestra tax relief in relation to the production of the concert (see…
Section 1217R — Overview of orchestra tax relief
Overview of orchestra tax relief 1217R 1 Relief under this Chapter (“orchestra tax relief”) is given by way of— a additional deductions (see sections 1217RD to 1217RF), and b orchestra tax credits…
Section 1217S — Application of sections 1217SA to 1217SC
Application of sections 1217SA to 1217SC 1217S 1 Sections 1217SA to 1217SC apply to a company which is treated under section 1217Q(2) or (5) as carrying on a separate trade in relation to the…
Section 1217T — Provisional entitlement to relief
Provisional entitlement to relief 1217T 1 In relation to a company and the production of a concert or concert series, “ interim accounting period ” means any accounting period that— a is one in which…
Section 1217U — Interpretation
Interpretation 1217U In this Part— “ company tax return ” has the same meaning as in Schedule 18 to FA 1998 (see paragraph 3(1) of that Schedule); “ core expenditure ” has the meaning given by…
Section 1218 — “Company with investment business” and “investment business”
“Company with investment business” and “investment business” 1218 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 1218A — Overview of Part
Overview of Part 1218A 1 This Part contains special rules for companies with investment business. 2 Chapters 2 and 3 provide relief for certain expenses of a company with investment business that are…
Section 1218ZA — Overview
Overview 1218ZA 1 This Part is about the production of museum and gallery exhibitions, and applies for corporation tax purposes. 2 This Chapter explains what is meant by “exhibition” and “touring…
Section 1218ZAA — “Exhibition”
“Exhibition” 1218ZAA 1 In this Part “exhibition” means a curated public display of an organised collection of objects or works (or of a single object or work) considered to be of scientific,…
Section 1218ZBA — Calculation of profits or losses of separate exhibition trade
Calculation of profits or losses of separate exhibition trade 1218ZBA 1 This section applies for the purpose of calculating the profits or losses of the separate exhibition trade. 2 For the first…
Section 1218ZCA — Companies qualifying for museums and galleries exhibition tax relief
Companies qualifying for museums and galleries exhibition tax relief 1218ZCA 1 A company qualifies for museums and galleries exhibition tax relief in relation to the production of an exhibition if…
Section 1218ZCLA — No claim if company in administration or liquidation
No claim if company in administration or liquidation 1218ZCLA 1 A company may not make a claim under section 1218ZCE or section 1218ZCH at a time when it is in administration or liquidation. 2 For…
Section 1218ZDA — Restriction on use of losses before completion period
Restriction on use of losses before completion period 1218ZDA 1 This section applies if a loss is made by the company in the separate exhibition trade in an accounting period preceding the completion…
Section 1218ZEA — Clawback of provisional relief
Clawback of provisional relief 1218ZEA 1 If a statement is made under section 1218ZE(2) but it subsequently appears that the UK expenditure condition will not be met on the company’s ceasing to carry…
Section 1218ZFA — Interpretation
Interpretation 1218ZFA In this Part— “company tax return” has the same meaning as in Schedule 18 to FA 1998 (see paragraph 3(1) of that Schedule); “core expenditure” has the meaning given by section…
Section 1218B — Overview of Part
Overview of Part 1218B 1 In this Part “company with investment business” means a company whose business consists wholly or partly of making investments. 2 But a credit union is not a company with…
Section 1218ZAB — “Touring exhibition”
“Touring exhibition” 1218ZAB 1 In this Part an exhibition is a “touring exhibition” if conditions A to E are met. 2 Condition A is that— a there is a primary production company for the exhibition…
Section 1218ZB — Separate exhibition trade
Separate exhibition trade 1218ZB 1 Subsection (2) applies to a company in relation to an exhibition if, and only for so long as, the company qualifies for museums and galleries exhibition tax relief…
Section 1218ZBB — Income from the production
Income from the production 1218ZBB 1 References in this Chapter to income from a production of an exhibition are to any receipts by the company in connection with the production or exploitation of…
Section 1218ZCB — Interpretation of section 1218ZCA(3)(b) and (c)
Interpretation of section 1218ZCA(3)(b) and (c) 1218ZCB 1 For the purposes of section 1218ZCA(3)(b) a company is “wholly owned by a charity which maintains a museum or gallery” if condition A or B is…
Section 1218ZDB — Use of losses in the completion period
Use of losses in the completion period 1218ZDB 1 Subsection (2) applies if a loss made in the separate exhibition trade is carried forward under section 45 or 45B of CTA 2010 to the completion…
Section 1218ZAC — 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…
Section 1218ZBC — Costs of the production
Costs of the production 1218ZBC 1 References in this Chapter to the costs of a production of an exhibition are to expenditure incurred by the company on— a activities involved in developing,…
Section 1218ZC — Overview of museums and galleries exhibition tax relief
Overview of museums and galleries exhibition tax relief 1218ZC 1 Relief under this Chapter (“museums and galleries exhibition tax relief”) is given by way of— a additional deductions (see sections…
Section 1218ZCC — The UK expenditure condition
The UK expenditure condition 1218ZCC 1 The “ UK expenditure condition” is that at least 10% of the core expenditure on the production of the exhibition incurred by the company is UK expenditure. 2 In…
Section 1218ZDC — Terminal losses
Terminal losses 1218ZDC 1 This section applies if— a the company ceases to carry on the separate exhibition trade, and b if the company had not ceased to carry on that trade, it could have carried…
Section 1218ZAD — Secondary production company
Secondary production company 1218ZAD 1 If an exhibition is held at two or more venues, there may be one or more secondary production companies for the exhibition. 2 In this Part a company is the…
Section 1218ZBD — When costs are taken to be incurred
When costs are taken to be incurred 1218ZBD 1 For the purposes of this Chapter, the costs that have been incurred on a production of an exhibition at a given time do not include any amount that has…
Section 1218ZCD — “Core expenditure”
“Core expenditure” 1218ZCD 1 Subject to the following provisions of this section, in this Part “core expenditure”, in relation to a company’s production of an exhibition, means expenditure on the…
Section 1218ZD — Application of sections 1218ZDA to 1218ZDC
Application of sections 1218ZDA to 1218ZDC 1218ZD 1 Sections 1218ZDA to 1218ZDC apply to a company which is treated under section 1218ZB(2) as carrying on a separate trade in relation to the…
Section 1218ZBE — Pre-trading expenditure
Pre-trading expenditure 1218ZBE 1 This section applies if, before the company begins to carry on the separate exhibition trade, it incurs expenditure on activities falling within section…
Section 1218ZCE — Claim for additional deduction
Claim for additional deduction 1218ZCE 1 A company which qualifies for museums and galleries exhibition tax relief in relation to the production of an exhibition may claim an additional deduction in…
Section 1218ZE — Provisional entitlement to relief
Provisional entitlement to relief 1218ZE 1 In relation to a company and the production of an exhibition, “interim accounting period” means any accounting period that— a is one in which the company…
Section 1218ZBF — Estimates
Estimates 1218ZBF Estimates for the purposes of section 1218ZBA must be made as at the balance sheet date for each period of account, on a just and reasonable basis taking into consideration all…