# Finance Act 2006, Paragraph 21


(1) Paragraph 5 of that Schedule (excluded films) is amended as follows.
(2) For sub-paragraph (1) substitute—
“(1) A film must not be certified as a British film for the purposes of this Schedule if parts of the film whose playing time exceeds 10% of the total playing time of the film are derived from a previous film, unless—
(a) the two films have the same film production company or producer, and
(b) the previous film has not been certified under this Schedule.”.
(3) After sub-paragraph (2) insert—
“(3) For the purposes of this paragraph—
(a) the film soundtrack shall be left out of account;
(b) “producer” means the person by whom the arrangements necessary for the making of the film are undertaken;
(c) in relation to certification before the commencement of Chapter 3 of Part 3 of the Finance Act 2006, references to certification of a film shall be read as references to certification of the master negative, tape or disc of the film.”.

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Source: https://www.legislation.gov.uk/ukpga/2006/25/schedule/5/paragraph/21 (the official version)
Page: https://openlegislation.uk/finance-act-2006/schedule-5/paragraph-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.