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.