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

Introduction and interpretation 357U 1 This Chapter makes provision about the operation of Part 15C of CTA 2009 (theatrical productions) 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 theatrical trade ” has the same meaning as in Part 15C of CTA 2009 (see section 1217I of that Act);

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