Corporation Tax Act 2010 section 357RA

Northern Ireland additional deduction

Section 357RA defines what constitutes a "Northern Ireland additional deduction" in the context of film tax relief, linking it to qualifying expenditure incurred in Northern Ireland.

• A Northern Ireland additional deduction is a specific portion of the additional deduction available under film tax relief rules.
• The deduction is calculated by reference to qualifying expenditure that relates to Northern Ireland.
• This deduction forms part of the Northern Ireland profits or losses of the separate film trade.
• The provision supports the Northern Ireland corporation tax regime by identifying which element of film tax relief falls within its scope.