Finance Act 2014
Sections and provisions with full text and the judgments that cite each one.
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 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 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 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 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 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…
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 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 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 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 1227A — Management expenses in relation to salaried members of limited liability partnerships
Management expenses in relation to salaried members of limited liability partnerships 1227A 1 This section applies in relation to a company if— a as a member of a limited liability partnership, the…
Section 1264A — Excess profit allocation to non-individual partners etc
Excess profit allocation to non-individual partners etc 1264A 1 Subsection (2) applies in a case in which— a section 850C(4) or 850D(4) of ITTOIA 2005 applies for a period of account (“the relevant…
Section 1273A — Limited liability partnerships: salaried members
Limited liability partnerships: salaried members 1273A 1 Subsection (2) applies at any time when section 863A(2) of ITTOIA 2005 (limited liability partnerships: salaried members) applies in the case…
Section 1305A — Avoidance schemes involving the transfer of corporate profits
Avoidance schemes involving the transfer of corporate profits 1305A 1 This section applies if— a two companies (“ A ” and “ B ”) are party to any arrangements (whether or not at the same time), b A…