Section 1217GB — Finance Act 2014: The EEA expenditure condition

The EEA expenditure condition 1217GB 1 The “EEA expenditure condition” is that at least 25% of the core expenditure on the theatrical production incurred by the company is EEA expenditure.

2 In this Part “ EEA expenditure ” means expenditure on goods or services that are provided from within the European Economic Area.

3 Any apportionment of expenditure as between EEA and non-EEA 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 EEA expenditure condition will be met).