Section 1216CE UK expenditureF1

United Kingdom

(1)

At least F210% of the core expenditure on the relevant programme incurred—

(a)

in the case of a British programme that is not a qualifying co-production, by the company, and

(b)

in the case of a qualifying co-production, by the co-producers,

must be UK expenditure.

(2)

The Treasury may by regulations amend the percentage specified in subsection (1).

Annotations

F1: Pt. 15A inserted (17.7.2013 for specified purposes, 19.7.2013 in so far as not already in force, and with effect in accordance with Sch. 16 para. 3 of the amending Act) by Finance Act 2013 (c. 29), Sch. 16 paras. 1, 2; S.I. 2013/1817, art. 2(1)
F2: Word in s. 1216CE(1) substituted (with effect in accordance with s. 31(2) of the amending Act) by Finance Act 2015 (c. 11), s. 31(1)