[F11218ZCCThe EEA expenditure conditionU.K.
(1)The “EEA expenditure condition” is that at least 25% of the core expenditure on the production of the exhibition incurred by the company is EEA expenditure.
(2)In this Part “EEA expenditure” means expenditure on goods or services that are provided from within the European Economic Area.
(3)Any apportionment of expenditure as between EEA and non-EEA 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 1218ZE and 1218ZEA (which are about the giving of relief provisionally on the basis that the EEA expenditure condition will be met).]
Textual Amendments
F1Pt. 15E inserted (for specified purposes and with effect in accordance with Sch. 6 paras. 20, 21(1)(a) of the amending Act) by Finance (No. 2) Act 2017 (c. 32), Sch. 6 para. 1 (with Sch. 6 para. 21(3))