Corporation Tax Act 2010 section 357S

Introduction and interpretation

Section 357S introduces Chapter 12, which explains how the film production rules in Part 15A of CTA 2009 interact with the Northern Ireland corporation tax regime for qualifying Northern Ireland companies.

• Chapter 12 governs how the film production provisions in Part 15A of CTA 2009 apply where a company is treated as a Northern Ireland company in an accounting period.
• "Northern Ireland expenditure" means trade expenses that form part of the Northern Ireland profits or losses of that trade.
• "The separate programme trade" and "qualifying expenditure" take the same meanings as used in Chapter 3 of Part 15A of CTA 2009.
• References to "television tax relief" in Part 15A of CTA 2009 are extended to include relief given under this chapter.