SolvedSection 1200 | Amount of additional deduction
From legislation.gov.uk
(1)For the first period of account during which the separate film trade is carried on, the amount of the additional deduction is given by—
Formula
where—
E is—
(a) so much of the qualifying expenditure as is UK expenditure, or
(b) if less, 80% of the total amount of qualifying expenditure, and
R is the rate of enhancement (see subsection (3)).
(2)For any period of account after the first, the amount of the additional deduction is given by—
Formula
where—
E is—
(a) so much of the qualifying expenditure incurred to date as is UK expenditure, or
(b) if less, 80% of the total amount of qualifying expenditure incurred to date,
R is the rate of enhancement (see subsection (3)), and
P is the total amount of the additional deductions given for previous periods.
(3)The rate of enhancement is 100%.
(4)The Treasury may by regulations amend the percentage specified in subsection (1) or (2).