Part 15

Film production
Chapter 3

Film tax relief

Conditions of relief

UK expenditure
1198
1
At least 10% of the core expenditure on the film incurred—
a
in the case of a British film other than 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).
Percentage in s. 1198(1) substituted (with effect in accordance with s. 32(4) of the amending Act) by Finance Act 2014 (c. 26), s. 32(2); S.I. 2014/2880, art. 2
Pt. 15 applied (with modifications) by S.I. 2007/1050, regs. 3-12 (as amended (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 2 para. 131 (with Sch. 2 Pts. 1, 2))
S. 1198(1): power to amend conferred (17.7.2014) by Finance Act 2014 (c. 26), s. 32(7)