xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
Modifications etc. (not altering text)
C1Pt. 15 applied (with modifications) by SI 2007/1050 regs. 3-12 (as amended) (with effect in accordance with s. 1329(1) of the commencing Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 2 para. 131 (with Sch. 2 Pts. 1, 2)
(1)At least 25% of the core expenditure on the film incurred—
(a)in the case of a British film other than 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).