Source: http://www.legislation.gov.uk/ukpga/2013/29/schedule/16
Timestamp: 2019-05-23 18:11:08
Document Index: 255248701

Matched Legal Cases: ['ART 1', 'art 15', 'ART 15', 'art. 2', 'ART 2', 'art 15', 'art 15']

There are currently no known outstanding effects for the Finance Act 2013, SCHEDULE 16.
SCHEDULE 16E+W+S+N.I.Tax relief for television production
PART 1E+W+S+N.I.Amendments of CTA 2009
1After Part 15 of CTA 2009 insert—
“PART 15AE+W+S+N.I.Television production
1216AOverview of Part
(1)This Part is about television production.
(2)Sections 1216AA to 1216AJ contain definitions and other provisions about interpretation that apply for the purposes of this Part. See, in particular—
(a)section 1216AB, which explains what is meant by a “relevant programme”, and
(b)section 1216AE, which explains how a company comes to be treated as the television production company in relation to a relevant programme.
(3)Chapter 2 is about the taxation of the activities of a television production company and includes—
(a)provision for the company's activities in relation to its relevant programme to be treated as a separate trade, and
(4)Chapter 3 is about relief (called “television tax relief”) which can be given to a television production company—
(b)by way of a payment (a “television tax credit”) to be made on the company's surrender of losses from that trade.
(5)Chapter 4 is about the relief which can be given for losses made by a television production company in its separate trade, including provision for certain such losses to be transferred to other separate trades.
Meaning of “television programme”, “relevant programme” etcE+W+S+N.I.
1216AA“Television programme”
(5)A television programme is completed when it is first in a form in which it can reasonably be regarded as ready for broadcast to the general public.
1216AB“Relevant programme”
(2)A television programme is a “relevant programme” if—
(b)in the case of a television programme that is not animation, conditions C and D are met.
(3)Condition A is that the programme is—
(a)a drama,
(b)a documentary, or
(c)animation.
For further provision about these terms, see section 1216AC.
(4)Condition B is that the programme is not an excluded programme (see section 1216AD).
(5)Condition C is that the slot length in relation to the programme is greater than 30 minutes.
(6)Condition D is that the average core expenditure per hour of slot length in relation to the programme is not less than £1 million.
For the meaning of “core expenditure”, see section 1216AG.
(7)“Slot length”, in relation to a television programme, means the period of time which the programme is commissioned to fill.
1216ACTypes of programme eligible to be relevant programmes
(3)A drama or documentary that includes animation is to be treated as animation if the core expenditure on the completed animation constitutes at least 51% of the total core expenditure on the completed programme.
1216ADExcluded programmes
(7)Head 6 is any programme produced for training purposes.
Other interpretationE+W+S+N.I.
1216AETelevision production company
(9)The election has effect in relation to relevant programmes which commence principal photography in that or any subsequent accounting period.
1216AF“Television production activities” etc
1216AG“Production expenditure” and “core expenditure”
(2)“Production expenditure”, in relation to a relevant programme, means expenditure on television production activities in connection with the programme.
(3)“Core expenditure”, in relation to a relevant programme, means production expenditure on pre-production, principal photography and post-production of the programme.
1216AH“UK expenditure” etc
(1)In this Part “UK expenditure”, in relation to a relevant programme, means expenditure on goods or services that are used or consumed in the United Kingdom.
1216AI“Qualifying co-production” and “co-producer”
(a)“qualifying co-production” means a relevant programme that is eligible to be certified as a British programme under section 1216CB as a result of an agreement between Her Majesty's Government in the United Kingdom and any other government, international organisation or authority, and
1216AJ“Company tax return”
CHAPTER 2E+W+S+N.I.Taxation of activities of television production company
Separate programme tradeE+W+S+N.I.
1216BActivities of television production company treated as a separate trade
1216BACalculation of profits or losses of separate programme trade
1216BBIncome from the relevant programme
1216BCCosts of the relevant programme
1216BDWhen costs are taken to be incurred
1216BEPre-trading expenditure
1216BFEstimates
CHAPTER 3E+W+S+N.I.Television tax relief
1216CAvailability and overview of television tax relief
“Intended for broadcast” E+W+S+N.I.
1216CAIntended for broadcast
British programmesE+W+S+N.I.
1216CBBritish programme
1216CCApplications for certification
1216CDCertification and withdrawal of certification
UK expenditureE+W+S+N.I.
1216CEUK expenditure
Additional deductionsE+W+S+N.I.
1216CFAdditional deduction for qualifying expenditure
1216CGAmount of additional deduction
Television tax creditsE+W+S+N.I.
1216CHTelevision tax credit claimable if company has surrenderable loss
1216CISurrendering of loss and amount of television tax credit
1216CJPayment in respect of television tax credit
1216CKNo account to be taken of amount if unpaid
1216CLArtificially inflated claims for additional deduction or tax credit
1216CMConfidentiality of information
1216CNWrongful disclosure
(4)A prosecution for an offence under subsection (1) may be brought in England and Wales only—
CHAPTER 4E+W+S+N.I.Programme losses
1216DApplication of sections 1216DA and 1216DB
1216DARestriction on use of losses while programme in production
1216DBUse of losses in later periods
1216DCTerminal losses
(8)“Qualifying programme” means a relevant programme in relation to which the conditions for television tax relief are met (see 1216C(2)).
1216EIntroduction
1216EACertification as a British programme
1216EBThe UK expenditure condition
1216ECTime limit for amendments and assessments
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 amendment or assessment may normally be made.”
I1Sch. 16 para. 1 in force at 19.7.2013 for the purposes of the amendment made by that paragraph, so far as it is not already in force by S.I. 2013/1817, art. 2(1)
PART 2E+W+S+N.I.Commencement
2(1)Any power conferred on the Secretary of State or the Treasury by virtue of this Schedule to make regulations or an order comes into force on the day on which this Act is passed.E+W+S+N.I.
(b)may make such adaptations of Part 15A of CTA 2009 as appear to be necessary or expedient in consequence of other provisions of this Act not yet having come into force.
3(1)The amendments made by this Schedule have effect in relation to accounting periods beginning on or after 1 April 2013.E+W+S+N.I.
(3)For the purposes of Part 15A of CTA 2009—