OpenLegislation

Section 1217AE “European expenditure” etcF1F3

United Kingdom

(F21)

In this Part, “European expenditure”, in relation to a video game, means expenditure on goods or services that are provided from within F4the United Kingdom or the European Economic Area.

(2)

Any apportionment of expenditure as betweenF5European expenditure and F6non-European expenditure for the purposes of this Part is to be made on a just and reasonable basis.

(3)

The Treasury may by regulations amend subsection (1).

Annotations

Textual amendments

F1

Pt. 15B inserted (17.7.2013 for specified purposes and 1.4.2014 in so far as not already in force) by Finance Act 2013 (c. 29), Sch. 17 paras. 1, 2; S.I. 2014/1962, art. 2(1)(2)

F2

S. 1217AE(1) substituted (with effect in accordance with s. 34(8) of the amending Act) by Finance Act 2014 (c. 26), s. 34(3)(b)

F3

Words in s. 1217AE substituted (31.12.2020) by The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 16(22)(a) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)

F4

Words in s. 1217AE(1) inserted (31.12.2020) by The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 16(22)(b) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)

F5

Words in s. 1217AE(2) substituted (with effect in accordance with s. 34(8) of the amending Act) by Finance Act 2014 (c. 26), s. 34(3)(c)

F6

Words in s. 1217AE(2) substituted (31.12.2020) by The Taxes (Amendments) (EU Exit) Regulations 2019 (S.I. 2019/689), regs. 1, 16(22)(c) (with regs. 39-41); 2020 c. 1, Sch. 5 para. 1(1)