C1F1PART 15DOrchestra tax relief
Annotations:
Amendments (Textual)
Modifications etc. (not altering text)
C1
Pt. 15D modified (with application in accordance with s. 19(1)(4) of the amending Act) by Finance Act 2022 (c. 3), s. 19(1)(4)
C1CHAPTER 3Orchestra tax relief
Companies qualifying for orchestra tax relief
1217RBThe F2UK expenditure condition
1
F32
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 F4expenditure that is and is not UK 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 1217T and 1217TA (which are about the giving of relief provisionally on the basis that the F7UK expenditure condition will be met).
Pt. 15D inserted (with effect in accordance with Sch. 8 para. 17(1)(a) of the amending Act) by Finance Act 2016 (c. 24), Sch. 8 para. 1