[F11216CGAmount of additional deductionU.K.
(1)For the first period of account during which the separate programme trade is carried on, the amount of the additional deduction is—
where E is—
so much of the qualifying expenditure as is UK expenditure, or
if less, 80% of the total amount of qualifying expenditure.
(2)For any period of account after the first, the amount of the additional deduction is given by—
where—
E is—
so much of the qualifying expenditure incurred to date as is UK expenditure, or
if less, 80% of the total amount of qualifying expenditure incurred to date, and
P is the total amount of the additional deductions given for previous periods.
(3)The Treasury may by regulations amend this section.]
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)