Finance Act 2025
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Change 1
27 Certification of films etc: minor amendments
(1) In section 1179AA(7) of CTA 2009 (qualifying companies)— (a) after “for” insert “—”; (b) the words from “a production” to the end become paragraph (a); (c) at the end, insert ; (b) the submission of a film, television programme or video game certificate after the end of an accounting period. (2) Section 1179DJ of CTA 2009 (British certification condition: films and television programmes) is amended as set out in subsections (3) to (6). (3) In subsection (2), omit paragraphs (a) and (b) (including the dash before paragraph (a)) and insert “the production company’s company tax return for the period is accompanied by a valid interim certificate.” (4) In subsection (3), omit paragraphs (a) and (b) and insert— (a) the production company’s company tax return for the completion period is accompanied by a valid final certificate, or (b) the production company has abandoned production activities in relation to the film or programme and the production company’s company tax return for the completion period is accompanied by a valid interim certificate. (5) In subsection (6), for the words from the beginning to “that period” substitute “If a certificate is revoked after the production company’s company tax return for a period is submitted”. (6) For subsections (7) and (8) substitute— (7) Subsection (6) does not apply to the extent that a direction under paragraph 3 of Schedule 1 to the Films Act 1985 or section 1179DM provides that the certificate is to be treated as having effect. (8) For the purposes of this section, a certificate is valid if it has effect on the day on which the production company’s company tax return is submitted. (7) Section 1179FC of CTA 2009 (British certification condition: video games) is amended as set out in subsections (8) to (11). (8) In subsection (2), omit paragraphs (a) and (b) (including the dash before paragraph (a)) and insert “the production company’s company tax return for the period is accompanied by a valid interim certificate.” (9) In subsection (3), omit paragraphs (a) and (b) and insert— (a) the production company’s company tax return for the completion period is accompanied by a valid final certificate, or (b) the production company has abandoned production activities in relation to the video game and the production company’s company tax return for the completion period is accompanied by a valid interim certificate. (10) In subsection (6), for the words from the beginning to “that period” substitute “If a certificate is revoked after the production company’s company tax return for a period is submitted”. (11) For subsections (7) and (8) substitute— (7) Subsection (6) does not apply to the extent that a direction under section 1179FF provides that the certificate is to be treated as having effect. (8) For the purposes of this section, a certificate is valid if it has effect on the day on which the production company’s company tax return is submitted. (12) In section 1179DJA(9) of CTA 2009 (certification as a low-budget film), for the words “a low-budget certificate” to the end substitute “the production company’s company tax return for the period is accompanied by a low-budget certificate which has effect on that day the return is submitted”. (13) In section 15 of the F(No.2)A 2024 (certification as a low-budget film: transitional), omit subsection (8). (14) The amendments made by this section have effect in relation to claims made on or after the day on which this Act is passed. (15) In relation to an accounting period beginning on or before 30 October 2024, sections 1179DJ(8) and 1179FC(8) of CTA 2009 (as inserted by subsections (6) and (11)) have effect as if they read as follows— (8) For the purposes of this section, a certificate is valid if— (a) it has effect on the day on which the production company’s company tax return is submitted, or (b) it had effect on the last day of the accounting period to which the return relates.
27 Certification of films etc: minor amendments
(1) In section 1179AA(7) of CTA 2009 (qualifying companies)— (a) after “for” insert “—”; (b) the words from “a production” to the end become paragraph (a); (c) at the end, insert ; (b) the submission of a film, television programme or video game certificate after the end of an accounting period. (2) Section 1179DJ of CTA 2009 (British certification condition: films and television programmes) is amended as set out in subsections (3) to (6). (3) In subsection (2), omit paragraphs (a) and (b) (including the dash before paragraph (a)) and insert “the production company’s company tax return for the period is accompanied by a valid interim certificate.” (4) In subsection (3), omit paragraphs (a) and (b) and insert— (a) the production company’s company tax return for the completion period is accompanied by a valid final certificate, or (b) the production company has abandoned production activities in relation to the film or programme and the production company’s company tax return for the completion period is accompanied by a valid interim certificate. (5) In subsection (6), for the words from the beginning to “that period” substitute “If a certificate is revoked after the production company’s company tax return for a period is submitted”. (6) For subsections (7) and (8) substitute— (7) Subsection (6) does not apply to the extent that a direction under paragraph 3 of Schedule 1 to the Films Act 1985 or section 1179DM provides that the certificate is to be treated as having effect. (8) For the purposes of this section, a certificate is valid if it has effect on the day on which the production company’s company tax return is submitted. (7) Section 1179FC of CTA 2009 (British certification condition: video games) is amended as set out in subsections (8) to (11). (8) In subsection (2), omit paragraphs (a) and (b) (including the dash before paragraph (a)) and insert “the production company’s company tax return for the period is accompanied by a valid interim certificate.” (9) In subsection (3), omit paragraphs (a) and (b) and insert— (a) the production company’s company tax return for the completion period is accompanied by a valid final certificate, or (b) the production company has abandoned production activities in relation to the video game and the production company’s company tax return for the completion period is accompanied by a valid interim certificate. (10) In subsection (6), for the words from the beginning to “that period” substitute “If a certificate is revoked after the production company’s company tax return for a period is submitted”. (11) For subsections (7) and (8) substitute— (7) Subsection (6) does not apply to the extent that a direction under section 1179FF provides that the certificate is to be treated as having effect. (8) For the purposes of this section, a certificate is valid if it has effect on the day on which the production company’s company tax return is submitted. (12) In section 1179DJA(9) of CTA 2009 (certification as a low-budget film), for the words “a low-budget certificate” to the end substitute “the production company’s company tax return for the period is accompanied by a low-budget certificate which has effect on that day the return is submitted”. (13) In section 15 of the F(No.2)A 2024 (certification as a low-budget film: transitional), omit subsection (8). (14) The amendments made by this section have effect in relation to claims made on or after the day on which this Act is passed. (15) In relation to an accounting period beginning on or before 30 October 2024, sections 1179DJ(8) and 1179FC(8) of CTA 2009 (as inserted by subsections (6) and (11)) have effect as if they read as follows— (8) For the purposes of this section, a certificate is valid if— (a) it has effect on the day on which the production company’s company tax return is submitted, or (b) it had effect on the last day of the accounting period to which the return relates.
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