The Finance Act 2006, Section 53(2) (Films and Sound Recordings: Power to alter Dates) Order 2006

• Citation: S.I. 2006/3265
• Sections: 2

Section 1 Citation and commencement

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 .

Section 2 Amendment to the Finance Act 2006

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—

Section 46 (films: withdrawal of existing reliefs (corporation tax)), subsections (1)(a) and (b)(i), (3)(a) and (b)(i).

Section 47 (films: withdrawal of existing reliefs (income tax)), subsections (1)(a) and (b)(i), (3)(a) and (b)(i).

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 (corporation tax: gains and losses from intangible fixed assets).

Section 52 (films: application of provisions to certain films already in production), subsection (1).

Schedule 4 (taxation of activities of film production companies), paragraph 1 (films to which this Schedule applies).

Schedule 5 (film tax relief: further provisions), paragraph 1(1)(b) (introduction) and paragraph 24(4) (confidentiality of information).