Corporation Tax Act 2009 section 1216E

Introduction

Section 1216E defines key terms used throughout Chapter 5 relating to television production companies and sets out a reporting requirement when a programme is completed or abandoned.

• Defines "the company" as the television production company for the relevant programme, and "the separate programme trade" as the trade carried on in relation to that programme
• Defines the "completion period" as the accounting period in which the programme is completed, or if not completed, the period in which the company ceases production
• Defines "interim accounting period" as any earlier period during which production is underway, and confirms that "interim certificate" and "final certificate" have the meanings given in section 1216CC
• Requires the company to state in its tax return for the completion period whether the programme has been completed or whether production has ceased