Related Commentary  Related HMRC Manuals

1218ZCF(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.

1218ZCF(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–

(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.

1218ZCF(3)  For any period of account after the first, the amount of the additional deduction is–

E − P

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