The Finance Act 2006, Section 53(2) (Films and Sound Recordings: Power to alter Dates) Order 2006
This Order amends provisions of Chapter 3 of Part 3 of the Finance Act 2006 (c. 25) (films and sound recordings) that refer to 1st April 2006 so as to substitute 1st January 2007. Consequently the new films tax relief will only apply to films that commenced principal photography on or after 1st January 2007 and existing reliefs in section s 40A to 43 of the Finance (No. 2) Act 1992 (c. 48) and in Chapter 9 of Part 2 of the Income Tax (Trading and Other Income) Act 2005 (c. 5) are withdrawn from that date.