Section 1179AA | Qualifying companies and productions ^F1

(1)Chapters 2 and 3 apply where there is a qualifying production and a qualifying company for that production.

(2)The later Chapters supply the meanings of those terms.

(3)See in particular—

(a)section 1179D, in relation to films and television programmes;

(b)section 1179F, in relation to video games.

(4)Whether a company is the qualifying company for a qualifying production (including whether the production is a qualifying production) is to be assessed separately in relation to each accounting period of the company.

(5)The assessment is to be made by reference to the state of affairs at the end of that period.

(6)So far as future events are relevant to the assessment, it is to be made by reference to the reasonable expectations of the company at that time.

(7)Subsections (5) and (6) are subject to any provision of this Part that provides for—^F2

(a)a production no longer to be regarded as a qualifying production in an accounting period as a result of events after the end of that period ;^F3F4

(b)the submission of a film, television programme or video game certificate after the end of an accounting period.^F4

(8)Once a qualifying company has made an election under section 1179B(1) in respect of a qualifying production, no other company can subsequently be the qualifying company for that production.

(9)In this Part, “production”, except when contained in another defined term or used to refer to the act of producing something, means—

(a)a film (see section 1179DA),

(b)a television programme (see section 1179DD), or

(c)a video game.