SCHEDULES
SCHEDULE 8Tax relief for production of orchestral concerts
PART 3Commencement
17
1
The amendments made by the following provisions of this Schedule have effect in relation to accounting periods beginning on or after 1 April 2016—
a
Part 1, and
b
in Part 2, paragraphs 2 to 12.
2
Sub-paragraph (3) applies where a company has an accounting period beginning before 1 April 2016 and ending on or after that date (“the straddling period”).
3
For the purposes of Part 15D of CTA 2009—
a
so much of the straddling period as falls before 1 April 2016, and so much of that period as falls on or after that date, are separate accounting periods, and
b
any amounts brought into account for the purposes of calculating for corporation tax purposes the profits of a trade for the straddling period are apportioned to the two separate accounting periods on such basis as is just and reasonable.