Regulation 3 Amendment of paragraph 1 of the Schedule

Paragraph 1 of the Schedule (additional information to be provided in relation to creative industry claims) is amended as follows.

For sub-paragraph (5), substitute—

“(5)

information relating to individual productions where—

(a)

for the purpose of a claim under Parts 14A to 15B of the Corporation Tax Act 2009^f1, “production” has the same meaning as in section 1179AA of the Corporation Tax Act 2009^f2, and

(b)

for the purpose of a claim under Parts 15C to 15E of the Corporation Tax Act 2009—

(i)

“production” means theatrical production, orchestral concert or exhibition^f3, and

(ii)

“the highest value productions” means—

(aa)

where a claim relates to 11 or more productions, the 10 productions within the claim for which the largest amounts of additional deduction are claimed, or

(bb)

where a claim relates to 10 or fewer productions, each of the productions.”.