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[F1PART 15DU.K.Orchestra tax relief

Textual Amendments

F1Pt. 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)

C1Pt. 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)

CHAPTER 3U.K.Orchestra tax relief

Companies qualifying for orchestra tax reliefU.K.

1217RBThe [F2UK] expenditure conditionU.K.

(1)The “[F3UK] expenditure condition” is that at least [F410%] of the core expenditure on the production of the concert or concert series 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] 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).]

Textual Amendments