[F1PART 15CU.K.Theatrical Productions

Textual Amendments

F1Pt. 15C inserted (17.7.2014 for specified purposes and with effect in accordance with Sch. 4 para. 16 of the amending Act, 22.8.2014 in so far as not already in force) by Finance Act 2014 (c. 26), Sch. 4 paras. 1, 16; S.I. 2014/2228, art. 2

Modifications etc. (not altering text)

C1Pt. 15C modified (with application in accordance with s. 17(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 17(1)(4)

Companies qualifying for reliefU.K.

1217GBThe [F2UK] expenditure conditionU.K.

(1)The “[F3UK] expenditure condition” is that at least [F410%] of the core expenditure on the theatrical production incurred by the company is [F3UK] expenditure.

[F5(2)In this Part “UK expenditure” means expenditure on goods or services that are used or consumed in the United Kingdom.]

(3)Any apportionment of expenditure as between [F6expenditure that is and is not UK expenditure] expenditure for the purposes of this Part is to be made on a just and reasonable basis.

(4)The Treasury may by regulations—

(a)amend the percentage specified in subsection (1);

(b)amend subsection (2).

(5)See also sections 1217N and 1217NA (which are about the giving of relief provisionally on the basis that the [F7UK] expenditure condition will be met).]

Textual Amendments