Section 1217RE | Amount of additional deduction ^F1

From legislation.gov.uk

1 April 2026

(1)The amount of an additional deduction to which a company is entitled as a result of a claim under section 1217RD is calculated as follows.^F1

(2)For the first period of account during which the separate orchestral trade is carried on, the amount of the additional deduction is E, where E is—^F1

(a)so much of the qualifying expenditure incurred to date as is UK expenditure, or^F1F2F3

(b)if less, 80% of the total amount of qualifying expenditure incurred to date.^F1

(3)For any period of account after the first, the amount of the additional deduction is—^F1F2F4

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.

(4)The Treasury may by regulations amend the percentage specified in subsection (2) or (3).^F1