Section 1216CF — Corporation Tax Act 2009: Additional deduction for qualifying expenditure

Additional deduction for qualifying expenditure 1216CF 1 If television tax relief is available to the company, it may (on making a claim) make an additional deduction in respect of qualifying expenditure on the relevant programme.

2 The deduction is made in calculating the profit or loss of the separate programme trade.

3 In this Chapter “ qualifying expenditure ” means core expenditure on the relevant programme that falls to be taken into account under Chapter 2 in calculating the profit or loss of the separate programme trade for tax purposes.

4 The Treasury may by regulations—

a amend subsection (3),

and b provide that expenditure of a specified description is or is not to be regarded as qualifying expenditure.