Corporation Tax Act 2010 section 357RB

Northern Ireland supplementary deduction

Section 357RB provides for a Northern Ireland supplementary deduction in respect of qualifying film production expenditure, available to Northern Ireland companies that have received an additional deduction but have not fully utilised it through a film tax credit claim.

• A Northern Ireland company entitled to an additional deduction for film production qualifying expenditure may claim a further "Northern Ireland supplementary deduction" if certain conditions are met.
• The supplementary deduction is available where the company has no surrenderable loss, has a surrenderable loss but does not claim film tax credit, or claims film tax credit but surrenders less than the full Northern Ireland additional deduction.
• The supplementary deduction forms part of the profit or loss calculation of the separate film trade and counts as part of the company's Northern Ireland profits or losses of that trade.
• The amount of the Northern Ireland supplementary deduction is determined under section 357RC of CTA 2010.