Statutory Instruments
2006 No. 3265
corporation Tax
income tax
The Finance Act 2006, Section 53(2) (Films and Sound Recordings: Power to alter Dates) Order 2006
Made
7th December 2006
Laid before the House of the Commons
8th December 2006
Coming into force
29th December 2006
The Treasury make the following Order in exercise of the powers conferred upon them by section 53(2) of the Finance Act 2006( 1 ).
Citation and commencement
1. This Order may be cited as the Finance Act 2006, Section 53(2) (Films and Sound Recordings: Power to alter Dates) Order 2006 and shall come into force on 29th December 2006 .
Amendment to the Finance Act 2006
2. In the provisions of Chapter 3 of Part 3 of the Finance Act 2006 (films and sound recordings) listed below for “1st April 2006” substitute “1st January 2007”.
The provisions are—
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Section 46 (films: withdrawal of existing reliefs (corporation tax)), subsections (1)(a) and (b)(i), (3)(a) and (b)(i).
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Section 47 (films: withdrawal of existing reliefs (income tax)), subsections (1)(a) and (b)(i), (3)(a) and (b)(i).
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Section 51 (corporation tax: films and sound recordings as intangible fixed assets), subsection (1), in sub-paragraph (2)(a) and (b) of the new paragraph 80A substituted for paragraph 80 of Schedule 29 to the Finance Act 2002( 2 ) (corporation tax: gains and losses from intangible fixed assets).
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Section 52 (films: application of provisions to certain films already in production), subsection (1).
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Schedule 4 (taxation of activities of film production companies), paragraph 1 (films to which this Schedule applies).
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Schedule 5 (film tax relief: further provisions), paragraph 1(1)(b) (introduction) and paragraph 24(4) (confidentiality of information).
Frank Roy
Alan Campbell
Two of the Lords Commissioners of Her Majesty’s Treasury
7th December 2006