Finance Act 2006 (Film Tax Relief) | UK Legislation | Guvnor

What this means for your business

1 guides

Enforced by: HMRC
Applies to: United Kingdom
On this page: 1 practical guide

Read full text on legislation.gov.uk

Practical guidance

Our guides explain how to comply with the requirements above.

Claim creative industry tax reliefs

Corporation Tax reliefs for creative businesses - film, high-end TV, animation, video games, theatre, orchestras, and museums - including rates, …

Sections and provisions

208 classified provisions from this legislation.

1 Offences and penalties 14 Powers 13 Definitions 12 Exemptions

Offences and penalties 1

s.140 Penalties for failure to give notice, etc

Powers 14

s.2 Tobacco products duty: evasion
s.15 Late renewal supplement
s.16 Gaming machines
s.17 Buildings and land
s.19 Missing trader intra-community fraud
s.20 Power to inspect goods
s.63 Power to exempt use of vouchers or tokens to obtain exempt benefits
s.66 Section 65: supplementary
s.67 International Olympic Committee
s.68 Competitors and staff
s.153 Election to defer capital allowances
s.173 International tax enforcement arrangements
s.175 Arrangements under section 173: recovery of debts
Schedule 16 Real Estate Investment Trusts: excluded business and income

Definitions 13

s.8 Road vehicles
s.11 Definition of “gaming machine” gaming machine
s.14 Reduced pollution certificates
s.50 Sound recordings: interpretation
s.71 Other avoidance involving losses accruing to companies closure notice company tax return discovery assessment
s.83 Restrictions on use of losses etc: leasing partnerships
s.127 Interpretation
s.142 Interpretation
s.150 Amendment of Schedule 10 to FA 1987 business hours relevant delivery delivery proceeds
s.152 Increase in rate of supplementary charge the Instalment Payments Regulations supplementary charge adjusted ring fence profits
s.179 Interpretation ALDA 1979 CAA 2001 HODA 1979
Schedule 1 Group relief where surrendering company not resident in UK
Schedule 12 Settlements: amendment of TCGA 1992 etc “settled property transfer of property

Exemptions 12

s.12 Classes of machine and rates of duty
Schedule 15 Accountancy change: spreading of adjustment
Schedule 20 Inheritance tax: rules for trusts etc
s.46 Films: withdrawal of existing reliefs (corporation tax)
s.47 Films: withdrawal of existing reliefs (income tax)
s.65 London Organising Committee
s.70 Restrictions on companies buying losses or gains
s.159 Recycling of lump sums
s.168 Alternative finance
s.177 Disclosure of information
Schedule 13 Settlements: amendments to ICTA and ITTOIA 2005 etc
Schedule 21 Taxable property held by investment-regulated pension schemes