Section 357QF — Corporation Tax Act 2010: Expenditure credit to count towards mainstream profits or losses

Expenditure credit to count towards mainstream profits or losses 357QF 1 Subsection (2) applies if, under section 1179CB of CTA 2009 (expenditure credit under Part 14A of CTA 2009 to be taxable receipt), the Northern Ireland company brings an amount of audiovisual expenditure credit or video game expenditure credit into account in calculating the profits of the separate trade for the accounting period.

2 The amount is to form part of the mainstream profits or mainstream losses of the trade for that period.