Section 1198 | UK expenditure

(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).