F1PART 15ATelevision production
CHAPTER 3Television tax relief
Additional deductions
1216CFAdditional deduction for qualifying expenditure
(1)
If television tax relief is available to the company, it may (on making a claim) make an additional deduction in respect of qualifying expenditure on the relevant programme.
(2)
The deduction is made in calculating the profit or loss of the separate programme trade.
(3)
In this Chapter “qualifying expenditure” means core expenditure on the relevant programme that falls to be taken into account under Chapter 2 in calculating the profit or loss of the separate programme trade for tax purposes.
(4)
The Treasury may by regulations—
(a)
amend subsection (3), and
(b)
provide that expenditure of a specified description is or is not to be regarded as qualifying expenditure.