F1PART 15ATelevision production

CHAPTER 3Television tax relief

UK expenditure

Annotations:
Amendments (Textual)

F1Pt. 15A inserted (17.7.2003 for specified purposes, 19.7.2003 in so far as not already in force, and with effect in accordance with Sch. 16 para. 3 of the amending Act) by Finance Act 2013 (c. 29), Sch. 16 paras. 1, 2; S.I. 2013/1817, art. 2(1)

1216CEUK expenditure

(1)

At least 25% of the core expenditure on the relevant programme incurred—

(a)

in the case of a British programme that is not a qualifying co-production, by the company, and

(b)

in the case of a qualifying co-production, by the co-producers,

must be UK expenditure.

(2)

The Treasury may by regulations amend the percentage specified in subsection (1).