Corporation Tax Act 2010 section 357UI

Provisional entitlement to relief

Section 357UI extends the provisional entitlement to relief rules for theatrical productions so that they also cover the Northern Ireland supplementary deduction.

• Companies producing theatrical productions can claim relief on a provisional basis before their production is complete or fully certified.
• The existing rules for provisional entitlement to relief under the Corporation Tax Act 2009 are extended to include the Northern Ireland supplementary deduction.
• This means that companies eligible for the Northern Ireland rate of corporation tax can provisionally claim the additional Northern Ireland deduction for theatrical productions in the same way they can provisionally claim the standard theatrical production relief.
• The practical effect is that qualifying companies do not need to wait until a production is finalised before benefiting from the Northern Ireland supplementary deduction.