Section 357JA — Corporation Tax Act 2010: Profits chargeable to corporation tax and rates

Profits chargeable to corporation tax and rates 357JA 1 The reference in section 35 of CTA 2009 (charge to tax on trade profits) to the profits of a trade is, where a company carrying on a trade in an accounting period has Northern Ireland profits of the trade or mainstream profits of the trade, a reference to those Northern Ireland profits or mainstream profits.

2 Northern Ireland profits are charged to corporation tax at the Northern Ireland rate. Section 3(1) of this Act (corporation tax charged at main rate) has effect subject to this subsection.