Commentary

D7.1276 Theatrical production tax relief—qualifying conditions: European expenditure

Corporate tax
Corporate tax | Commentary

D7.1276 Theatrical production tax relief—qualifying conditions: European expenditure

Corporate tax | Commentary

D7.1276 Theatrical production tax relief—qualifying conditions: European expenditure

At least 25% of the core expenditure must be on goods or services that are provided from within the UK or EEA (referred to as 'European expenditure' in the legislation)1. For example if costumes are commissioned and paid for in the UK that expenditure may be eligible. 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 the production, such as the costs of

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