Income Tax (Trading and Other Income) Act 2005 section 131

Meaning of "film" and related expressions

Section 131 defines what is meant by "film" and related terminology for the purposes of the income tax rules on films and sound recordings.

• A "film" includes any record of a sequence of visual images that can be shown as a moving picture, regardless of the medium on which it is recorded.
• A "sound recording" means any record of sounds from which the sounds can be reproduced, regardless of the medium of the recording.
• References to the "original master version" of a film or sound recording mean the original negative, tape or disc, or any equivalent master version from which copies are derived.
• These definitions were amended by the Finance Act 2006 to ensure consistency with updated film tax legislation.