Corporation Tax Act 2009 section 127

Interpretation

Section 127 ensures that the interpretation and definitional provisions used in the film production tax relief rules also apply to the transitional provisions in this part of Schedule 2.

• The definitions and interpretation rules found in sections 1181 to 1187 of the Corporation Tax Act 2009 are imported into this part of Schedule 2.
• This means key terms such as "film", "film production company", and related concepts carry the same meaning in the transitional provisions as they do in the main film production relief legislation.
• The effect is achieved by treating this part of Schedule 2 as though it were contained within Part 15 of the Act, which deals with film production activities.
• This ensures consistency of terminology and avoids any ambiguity when applying the transitional rules alongside the main statutory provisions.