Commentary

D7.12104 Exhibition tax relief—qualifying conditions: European expenditure

Corporate tax
Corporate tax | Commentary

D7.12104 Exhibition tax relief—qualifying conditions: European expenditure

Corporate tax | Commentary

D7.12104 Exhibition tax relief—qualifying conditions: European expenditure

At least 25% of the core expenditure must be UK or EEA expenditure (referred to as 'European expenditure' in the legislation)1. The Treasury may make regulations amending the percentage2.

Any apportionment of expenditure as between European expenditure and non-European expenditure must be made on a fair and reasonable basis3.

Core expenditure means expenditure on the activities directly involved in producing, deinstalling and closing the exhibition at each venue for which the company is a production company. Expenditure on deinstalling and closing the exhibition at a venue is, however, core expenditure only if the exhibition is

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