Corporation Tax Act 2009 section 1216CJ

Payment in respect of television tax credit

Section 1216CJ sets out how television tax credits are paid to qualifying companies, including the circumstances in which HMRC may withhold or offset payments.

• Where a company is entitled to a television tax credit and claims it, HMRC must pay the credit to the company, though the amount may be set against any corporation tax the company owes.
• If HMRC is enquiring into the company's tax return, payment may be withheld, although HMRC may still make provisional payments at its discretion.
• Payment may also be withheld where the company has outstanding PAYE, Class 1 National Insurance contributions or other amounts due under relevant regulations.
• A television tax credit payment is not treated as income of the company for any tax purpose.