Section 1217GB — Corporation Tax Act 2009: The UK expenditure condition

The UK expenditure condition 1217GB 1 The “ UK expenditure condition” is that at least 10% of the core expenditure on the theatrical production incurred by the company is UK expenditure.

2 In this Part “ UK expenditure ” means expenditure on goods or services that are used or consumed in the United Kingdom.

3 Any apportionment of expenditure as between expenditure that is and is not UK expenditure expenditure for the purposes of this Part is to be made on a just and reasonable basis.

4 The Treasury may by regulations—

a amend the percentage specified in subsection (1);

b amend subsection (2).

5 See also sections 1217N and 1217NA (which are about the giving of relief provisionally on the basis that the UK expenditure condition will be met).