Commentary

D7.1278 Theatrical production tax relief—additional deduction relief

Corporate tax
Corporate tax | Commentary

D7.1278 Theatrical production tax relief—additional deduction relief

Corporate tax | Commentary

D7.1278 Theatrical production tax relief—additional deduction relief

A theatrical production company may claim an additional deduction in respect of qualifying expenditure1. For these purposes, 'qualifying expenditure' refers to core expenditure (D7.1276)2 that would normally be taken into account3 in calculating the profit or loss of the separate theatrical trade for tax purposes. Expenditure which has already had relief as an R&D expenditure credit (RDEC)4 or enhanced revenue deduction5 (see D1.401 for a summary of these reliefs) is excluded from the definition of qualifying expenditure for theatrical relief6.

The relief is claimed through the company tax return (see D7.1275).

Amount

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