1198UK expenditureU.K.
This section has no associated Explanatory Notes
(1)At least [F110%] 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).
Textual Amendments
F1Percentage in s. 1198(1) substituted (with effect in accordance with s. 32(4) of the amending Act) by Finance Act 2014 (c. 26), s. 32(2); S.I. 2014/2880, art. 2