Section 357NE — Corporation Tax Act 2010: Provision of goods or services for NI RE

Provision of goods or services for NI RE 357NE 1 This section applies if the company provides its NI RE with goods or services.

2 If the goods or services are of a kind that the company supplies, in the ordinary course of business, to third parties dealing with it at arm's length, the matter is dealt with as a transaction to which the separate enterprise principle applies.

3 If not, the matter is dealt with as an expense incurred by the company for the purposes of its NI RE (see section 357NF).