Paragraph 3 FA 1998

United Kingdom

(1)

Schedule 18 to FA 1998 (company tax returns etc) is amended as follows.

(2)

In paragraph 10 (certain claims and elections to be included in tax return)—

(a)

in sub-paragraph (4), for the words from “for” to “or” substitute “under Parts 14A to”;

(b)

after sub-paragraph (4) insert—

“(4A)

An election under section 1179B of the Corporation Tax Act 2009 (opting into Part 14A of that Act) can only be made by being included in a company tax return.”

(3)

In the heading of Part 9D, for the words from “for” to “or” substitute “under Parts 14A to”.

(4)

In paragraph 83S (application of Part 9D), for “the following reliefs—” substitute “—

“(za)

audiovisual expenditure credit or video game expenditure credit,”.