Corporation Tax Act 2009 section 1216B

Activities of television production company treated as a separate trade

Section 1216B establishes that a television production company's activities in relation to each programme are treated as a separate trade for corporation tax purposes.

• Each television programme produced by a company is treated as its own separate trade, known as the "separate programme trade"
• If a company produces more than one programme, it will have more than one trade for tax purposes
• The separate programme trade is treated as starting when pre-production begins or when income is first received from the programme, whichever is earlier
• A qualifying relevant programme is one that meets the criteria for television tax relief