Commentary on Sections Overview Chapter 2: Taxation of activities of film production company Section 1193: Pre-trading expenditure
3030.This section allows expenditure incurred on development of the film, but before the separate film trade starts, to be treated as incurred immediately after the separate film trade starts. It is based on paragraph 4 of Schedule 4 to FA 2006.
3031.If pre-trading expenditure is treated in this fashion, the company must amend any company tax returns that have previously taken account of the same expenditure.