Commentary on Sections Overview Chapter 2: Taxation of activities of film production company Section 1188: Activities of film production company treated as a separate trade
3021.This section treats a film production company’s activities in relation to the film as a separate trade for corporation tax purposes and provides for when that trade is treated as starting. It is based on section 37 of, and paragraphs 2 and 3 of Schedule 4 to, FA 2006.
3022.Subsection (3) introduces the label “the separate film trade” in this Chapter as a means of avoiding cumbersome references such as “the separate trade that a film production company is treated as carrying on in relation to the film in respect of which it is the film production company”.