C1F1PART 15DOrchestra tax relief

Annotations:
Amendments (Textual)
F1

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

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

The “F5UK expenditure condition” is that at least F610% of the core expenditure on the production of the concert or concert series incurred by the company is F5UK expenditure.

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).