3045.This section requires the Commissioners for HMRC to pay to the company any film tax credit to which it is entitled and for which a claim has been made. It is based on paragraphs 9, 10 and 14 of Schedule 5 to FA 2006.
3046.Various circumstances in which a payment need not be made are set out. These include cases where the company has not yet made certain payments that it is required to make.
3047.Subsection (5) provides that a payment in respect of film tax credit does not count as income of the company.
Commentary on Sections Overview Chapter 3: Film tax relief Section 1203: Payment in respect of film tax credit