Commentary

D7.1239 Qualifying conditions—UK expenditure

Corporate tax
Corporate tax | Commentary

D7.1239 Qualifying conditions—UK expenditure

Corporate tax | Commentary

D7.1239 Qualifying conditions—UK expenditure

Where the principal photography is not completed before 1 April 2015 at least 10% of the core expenditure1 incurred2 on the relevant programme must be UK expenditure3. Where the principal photography was completed before 1 April 2015, at least 25% of the core expenditure incurred on the relevant programme must be UK expenditure4.

'UK expenditure' is defined as expenditure on goods or services that are used or consumed5 in the United Kingdom6. Any apportionment of expenditure as between UK expenditure and non-UK expenditure must be made on a fair and reasonable basis7.

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