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S1216CG Corporation Tax Act 2009

Where the production of a programme covers more than one period of account, Television Tax Relief (TTR) operates on a cumulative basis. This means that:

• In the first period of account the level of the Television Production Company鈥檚 (TPC鈥檚) enhanceable expenditure is determined by the amount of core expenditure incurred within that period.
• In subsequent periods of account, including the final period, the level of the enhanceable expenditure is calculated by reference to total expenditure incurred by the TPC to date, taking account of TTR received in earlier periods.

Example: production continues for several periods

A TPC makes a programme with total core expenditure of 拢1尘, of which 75% is incurred on programme production in the UK, and 25% incurred on programme production outside the UK. The programme is produced over three years.

The TPC is eligible for TTR and the rate of enhancement is 100% (TPC55030).

Over the three accounting periods, the profile of core expenditure is:

-	UK (拢k)	Non UK (拢k)	Total Cumulative (拢k)
First period	350	0	350
Second period	350	100	800
Third period	50	150	1,000
Total expenditure	750	250	1,000

First Period

In the first period of account, because all the core expenditure is UK core expenditure, TTR is calculated on the basis of 80% of the total core expenditure, or 拢240k (= 80% x 拢350办). The additional deduction is therefore 拢240k.

Second period

At the end of the second period of account, the total core expenditure to date is 拢800办, of which 拢700办 is UK core expenditure. Because UK core expenditure is greater than 80% of total core expenditure (80% x 拢800办 = 拢640办), TTR is provided on the basis of 80% of the total core expenditure incurred to date. The additional deduction is 拢640办.

However, 拢240k of TTR has been claimed in the previous accounting period, leaving 拢400k (= 拢640办 less 拢240k) to be claimed in the second period.

Third period

At the end of the third period of account, total core expenditure is 拢1尘, of which 拢750办 is UK core expenditure. Because UK core expenditure is less than 80% of the total core expenditure, the TPC is eligible to TTR on the full 拢750办. The additional deduction is therefore 拢750办.

Because an additional deduction of 拢640办 has been claimed to date, this leaves 拢110办 (= 拢750办 less 拢640办) to be claimed in the third accounting period.

Cumulative effect

The cumulative effect at the end of the three periods of account is that TTR is provided on the 75% of core expenditure that was also UK expenditure.

Summary

-	Period 1	Period 2	Period 3
UK Core Expenditure (cumulative)	拢350办	拢700办	拢750办
Non-UK Core Expenditure (cumulative)	拢苍颈濒	拢100办	拢250办
Total Core Expenditure (cumulative)	拢350办	拢800办	拢1尘
UK core expenditure as percentage of total	100%	87.5%	75%
Enhanceable expenditure to end of period (lesser of UK core expenditure or 80% of total)	拢280办 (80% of total)	拢640办 (80% of total)	拢750办 (UK core)
Additional deduction to end of period	拢280办	拢640办	拢750办
Less additional deduction claimed for earlier period(s)	-	(拢280办)	(拢640办)
Additional deduction due for the period	拢280办	拢360办	拢110办