Corporation Tax Act 2009 section 1217U

Interpretation

Section 1217U provides a glossary of key terms used throughout Part 15D of the Act, which deals with tax relief for the production of orchestral concerts.

• This section acts as a central reference point, defining important terms such as "orchestral concert", "production company", "core expenditure", "qualifying expenditure", and "UK expenditure".
• It also clarifies that "orchestra tax relief" and the "separate orchestral trade" should be understood in accordance with specific chapters and sections elsewhere in Part 15D.
• Other defined terms include "costs" and "income" in relation to a concert or concert series, "qualifying orchestral concert", "qualifying orchestral concert series", and "company tax return".
• The section does not itself create any tax reliefs or obligations; it simply ensures that the terminology used throughout Part 15D is applied consistently by pointing to the relevant defining provisions.