{
  "url": "https://openlegislation.uk/finance-no-2-act-2024-applications-for-certification-as-low-budget-film-appointed-day-regulations-2024/note",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2024-applications-for-certification-as-low-budget-film-appointed-day-regulations-2024/note.json",
  "legislation": "uksi/2024/1010",
  "legislation_title": "The Finance (No. 2) Act 2024 (Applications for Certification as Low-Budget Film: Appointed Day) Regulations 2024",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2024-applications-for-certification-as-low-budget-film-appointed-day-regulations-2024",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThe Finance (No. 2) Act 2024 (c. 12) amended the Corporation Tax Act 2009 (c. 4) to provide for additional tax relief for low-budget films with a specified UK connection.\nIn order to qualify for the additional tax relief, new section 1179DJA of the Corporation Tax Act 2009 requires, amongst other things, an application for a low-budget certificate to be made. Section 15(4) of the Finance (No. 2) Act 2024 provides that an application for a low-budget certificate may not be made before the appointed day. These Regulations appoint 30th October 2024 for these purposes.\nA full impact assessment has not been prepared for this instrument as no, or no significant, impact on the private, voluntary or public sector is foreseen.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2024/1010/note",
    "retrieved_at": "2026-10-28T21:25:58.811209+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}