Section 1218ZCF | 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 1218ZCE is calculated as follows.^F1

(2)For the first period of account during which the separate exhibition 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

(5)If a period of account of the separate exhibition trade does not coincide with an accounting period, any necessary apportionments are to be made by reference to the number of days in the periods concerned.^F1