UK Statutory Instrument 2007 United Kingdom

The Corporation Tax (Surrender of Terminal Losses on Films and Claims for Relief) Regulations 2007

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At a glance

What's here

2 compliance obligations

Who this Act binds

Plus 1 non-business duty on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

s.013

Reduction in amount available for surrender

  • Withdraw consent notices if film loss relief amount is reduced
s.014

Assessment on other claimant companies

Other duties (1) — Crown / regulator
  • HMRC may assess other companies for unpaid tax when a film loss surrender is reversed Statutory regulator
Browse 13 other sections — procedural / definitional / commencement
s.001

Citation and commencement

s.002

Interpretation

s.003

Provision corresponding to Part 8 of Schedule 18 to

s.004

Introduction of provisions on claims for relief in respect of terminal losses

s.005

Claim to be included in company B’s return

s.006

Content of claims

s.007

Claims for more or less than the terminal loss available for surrender

s.008

Consent to surrender

s.009

Notice of consent

s.010

Notice of consent requiring amendment of return

s.011

Withdrawal or amendment of claim

s.012

Time limit for claims

s.015

Assessment to recover excess relief

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