TTR50005 | Eligible expenditure: introduction

A Theatrical Production Company (TPC) that qualifies for Theatre Tax Relief (TTR) in respect of a theatrical production is entitled to claim an additional deduction in computing the profit or loss arising from the separate theatrical trade for the production.

The additional deduction is based on the amount of core expenditure that is European expenditure or UK expenditure. Please see TTR50090 for details on which type of expenditure applies.

The computation itself is described at TPC55000. The first step is determining:

• the amount of core expenditure, and

• the extent to which that core expenditure relates to goods or services that: if European expenditure applies, are provided from within the United Kingdom or European Economic Area (EEA) (TPC50050), or, if UK expenditure applies, are used or consumed in the United Kingdom (TTR50080).