Section 1216BB | Income from the relevant programme ^F1

(1)References in this Chapter to income from the relevant programme are to any receipts by the company in connection with the making or exploitation of the programme.

(2)This includes—

(a)receipts from the sale of the programme or rights in it,

(b)royalties or other payments for use of the programme or aspects of it (for example, characters or music),

(c)payments for rights to produce games or other merchandise, and

(d)receipts by the company by way of a profit share agreement.

(3)Receipts that (apart from this subsection) would be regarded as of a capital nature are treated as being of a revenue nature.