Corporation Tax Act 2009 section 1218ZCF

Amount of additional deduction

Section 1218ZCF sets out how to calculate the amount of the additional deduction a company may claim in respect of qualifying expenditure on its separate exhibition trade.

• The additional deduction for the first period of account is the lower of UK qualifying expenditure incurred to date or 80% of total qualifying expenditure incurred to date.
• For subsequent periods, the same calculation applies but any additional deductions already given for previous periods are subtracted.
• The Treasury has the power to amend the 80% threshold by regulations.
• Where the period of account does not align with the accounting period, amounts are apportioned based on the number of days in each period.