Section 1200 | Amount of additional deduction
From legislation.gov.uk
1 April 2026
(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%.F1
(4)The Treasury may by regulations amend the percentage specified in subsection (1) or (2).