Corporation Tax Act 2010 section 357QE

Application and interpretation

Section 357QE explains when the rules governing the interaction between the Northern Ireland corporation tax regime and the creative industries tax reliefs for films, television programmes and video games apply, and how key terms used in those rules should be understood.

• This chapter deals with how the Northern Ireland corporation tax provisions interact with the creative industries tax reliefs covering films, television programmes and video games.
• The rules apply where a company is a Northern Ireland company in an accounting period and is treated under the creative industries regime as carrying on a separate trade in that period.
• That separate trade must also be a qualifying trade for Northern Ireland corporation tax purposes.
• References throughout the chapter to "the Northern Ireland company", "the accounting period" and "the separate trade" all relate to the company, period and trade that meet these conditions.