Schedules
Schedule 5Museum and gallery exhibitions
Part 1Amendments of Part 15E of CTA 2009
4UK expenditure threshold to replace European expenditure threshold
1
In section 1218ZCC (European expenditure condition)—
a
in the heading, for “European” substitute “UK”
;
b
in subsection (1)—
i
for “European” (in both places it occurs) substitute “UK”
;
ii
for “25%” substitute “10%”
;
c
for subsection (2) substitute—
2
In this Part “UK expenditure” means expenditure on goods or services that are used or consumed in the United Kingdom.
d
in subsection (3), for “European and non-European expenditure” substitute “expenditure that is and is not UK expenditure”
;
e
in subsection (5), for “European” substitute “UK”
.
2
In each of the following provisions, for “European” (in each place it occurs) substitute “UK”
—
a
section 1218ZCA(5) (need to meet European expenditure condition to qualify for relief);
b
section 1218ZE(2) (provisional satisfaction of European expenditure condition);
c
section 1218ZEA(1), (2) and (3) (European expenditure condition provisionally satisfied not later satisfied).
3
In section 1218ZFA (defined terms)—
a
omit the definitions of “European expenditure” and “European expenditure condition”;
b
at the end insert—
“UK expenditure” has the meaning given by section 1218ZCC(2);
“UK expenditure condition” has the meaning given by section 1218ZCC(1).
4
In Schedule 4 (index of defined expressions)—
a
omit the entries for “European expenditure (in Part 15E)” and “European expenditure condition (in Part 15E)”;
b
at the appropriate places insert—
UK expenditure (in Part 15E)
section 1218ZCC(2)
UK expenditure condition (in Part 15E)
section 1218ZCC(1)
5
For transitional provision in relation to this paragraph, see paragraph 10.