Related HMRC Manuals

1217RE(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.

1217RE(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–

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

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

1217RE(3)  For any period of account after the first, the amount of the additional deduction is–

E − P

where E is–

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