Corporation Tax Act 2010 section 357T

Introduction and interpretation

Section 357T introduces and defines key terms for the chapter that governs how the video games development tax relief rules apply to expenditure incurred by Northern Ireland companies.

• This chapter explains how the video games development provisions of the Corporation Tax Act 2009 (Part 15B) apply to spending by a Northern Ireland company during an accounting period.
• "Northern Ireland expenditure" means trading expenditure to the extent that it forms part of the company's Northern Ireland profits or losses.
• "The separate video game trade" and "qualifying expenditure" carry the same meanings as defined in Chapter 3 of Part 15B of the Corporation Tax Act 2009.
• Any reference to "video games tax relief" in Part 15B of the Corporation Tax Act 2009 includes relief available under this chapter.