[F11216CEUK expenditureU.K.
(1)At least [F210%] 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).]
Textual Amendments
F1Pt. 15A inserted (17.7.2013 for specified purposes, 19.7.2013 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)
F2Word in s. 1216CE(1) substituted (with effect in accordance with s. 31(2) of the amending Act) by Finance Act 2015 (c. 11), s. 31(1)