FPC50005 - Film Tax Relief: Eligible Expenditure: Introduction

A film production company (FPC) (FPC10110) that qualifies forFilm Tax Relief (FPC40000) in respect of a film is entitled toclaim an additional deduction in computing the profit or loss arising from the separatetrade of producing that film.

»Ê¹ÚÌåÓýapp additional deduction is based on the amount of core expenditure thatis UK expenditure.

»Ê¹ÚÌåÓýapp method by which the additional deduction is computed is dealt with at FPC55000. But prior to undertaking that computation it isnecessary to determine:

  • the extent to which expenditure is core expenditure (FPC50010), and if it is,
  • the extent to which it relates to services or goods ‘used or consumed in the UKâ€� (FPC50050).