Section 357T — Corporation Tax Act 2010: Introduction and interpretation

Introduction and interpretation 357T 1 This Chapter makes provision about the operation of Part 15B of CTA 2009 (video games development) in relation to expenditure incurred by a company in an accounting period in which it is a Northern Ireland company.

2 In this Chapter—

a “ Northern Ireland expenditure ” means expenditure incurred in a trade to the extent that the expenditure forms part of the Northern Ireland profits or Northern Ireland losses of the trade;

b “ the separate video game trade ” has the same meaning as in Chapter 3 of Part 15B of CTA 2009 (see section 1217C(6) of that Act);

c “ qualifying expenditure ” has the same meaning as in that Chapter (see section 1217CF(3) of that Act).

3 References in Part 15B of CTA 2009 to “video games tax relief” include relief under this Chapter.