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Corporation Tax Act 2009

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Change 1

What to do with it
As published

1217IA Calculation of profits or losses of separate theatrical trade

(1) For the first period of account during which the separate theatrical trade is carried on, the following are brought into account— (a) as a debit, the costs of the theatrical production incurred (and represented in work done) to date; (b) as a credit, the proportion of the estimated total income from the production treated as earned at the end of that period. (2) For subsequent periods of account the following are brought into account— (a) as a debit, the difference between the amount (“C”) of the costs of the theatrical production incurred (and represented in work done) to date and the amount corresponding to C for the previous period, and (b) as a credit, the difference between the proportion (“PI”) of the estimated total income from the production treated as earned at the end of that period and the amount corresponding to PI for the previous period. (3) The proportion of the estimated total income treated as earned at the end of a period of account is— C T × I where— C is the total to date of costs incurred (and represented in work done); T is the estimated total cost of the theatrical production; I is the estimated total income from the theatrical production.

Your change, as a redline

1217IA Calculation of profits or losses of separate theatrical trade

(1) For the first period of account during which the separate theatrical trade is carried on, the following are brought into account— (a) as a debit, the costs of the theatrical production incurred (and represented in work done) to date; (b) as a credit, the proportion of the estimated total income from the production treated as earned at the end of that period. (2) For subsequent periods of account the following are brought into account— (a) as a debit, the difference between the amount (“C”) of the costs of the theatrical production incurred (and represented in work done) to date and the amount corresponding to C for the previous period, and (b) as a credit, the difference between the proportion (“PI”) of the estimated total income from the production treated as earned at the end of that period and the amount corresponding to PI for the previous period. (3) The proportion of the estimated total income treated as earned at the end of a period of account is— C T × I where— C is the total to date of costs incurred (and represented in work done); T is the estimated total cost of the theatrical production; I is the estimated total income from the theatrical production.

One line that says what changes, such as "Halve the dog tax".

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Questions to start with
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