Section 1216CG | Amount of additional deduction ^F1

From legislation.gov.uk

1 April 2026

(1)For the first period of account during which the separate programme trade is carried on, the amount of the additional deduction is—^F1

Formula

E

where E is—

so much of the qualifying expenditure as is UK expenditure, or

if less, 80% of the total amount of qualifying expenditure.

(2)For any period of account after the first, the amount of the additional deduction is given by—^F1

Formula

E - P

where—

E is—

so much of the qualifying expenditure incurred to date as is UK expenditure, or

if less, 80% of the total amount of qualifying expenditure incurred to date, and

P is the total amount of the additional deductions given for previous periods.

(3)The Treasury may by regulations amend this section.^F1