Commentary

D7.1238 Television tax relief—qualifying conditions: overview

Corporate tax
Corporate tax | Commentary

D7.1238 Television tax relief—qualifying conditions: overview

Corporate tax | Commentary

Television tax relief

D7.1238 Television tax relief—qualifying conditions: overview

Television tax relief (which, prior to IP completion day (see below) counted as a state aid under EU rules1) takes two forms, additional allowable deduction and television tax credit2. The additional deduction is 100% of qualifying core expenditure and the payable tax credit is 25% of losses surrendered. This measure has effect for qualifying expenditure incurred on or after 1 April 2013.

A television programme qualifies for relief if it:

  1.  

    (a)     meets the condition in respect of UK expenditure (see D7.1239)

  2.  

    (b)     is intended for broadcast (see D7.1240); and

  3.  

    (c)     is

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