Corporation Tax Act 2010 section 357UJ

Introduction and interpretation

Section 357UJ introduces the rules governing how orchestra tax relief applies to expenditure incurred by a Northern Ireland company, and defines key terms used throughout the chapter.

• This chapter sets out how the orchestra tax relief regime applies specifically to Northern Ireland companies in their accounting periods
• "Northern Ireland expenditure" means trade expenditure that forms part of the Northern Ireland profits or Northern Ireland losses of that trade
• "Separate orchestral trade" and "qualifying expenditure" carry the same meanings as in the orchestra tax relief provisions in Part 15D of the Corporation Tax Act 2009
• Any reference to "orchestra tax relief" in the wider legislation includes relief available under this Northern Ireland chapter