Corporation Tax Act 2010

Sections and provisions with full text and the judgments that cite each one.

Section 357BHB — Excluded income

Excluded income 357BHB 1 For the purposes of this Part income falling within either of the Heads set out in the following subsections is not relevant IP income— a subsection (2) (ring fence income),…

Section 357BJB — Deductions that are not routine deductions

Deductions that are not routine deductions 357BJB 1 For the purposes of this Part a deduction is not a “routine deduction” if it falls within any of the Heads set out in— a subsection (2) (loan…

Section 357BKB — Actual marketing royalty

Actual marketing royalty 357BKB 1 The actual marketing royalty for a relevant IP income sub-stream is the aggregate of any sums which— a were paid by the company for the purposes of acquiring any…

Section 357BLB — Qualifying expenditure on relevant R&D undertaken in-house

Qualifying expenditure on relevant R&D undertaken in-house 357BLB 1 In section 357BLA, the company's “ qualifying expenditure on relevant R&D undertaken in-house ” means the expenditure incurred by…

Section 357BNB — Small claims figure election

Small claims figure election 357BNB 1 Subsection (2) applies where a company has made a small claims figure election for an accounting period under section 357BN(2)(b). 2 In its application for the…

Section 357CB — Finance income

Finance income 357CB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 357DB — Method of allocation

Method of allocation 357DB 1 In this section “ method of allocation ” means the method of allocating, for the purposes of Step 2 in section 357DA(1), the amounts mentioned in that step. 2 A company…

Section 357EB — Allocation of set-off amount within a group

Allocation of set-off amount within a group 357EB 1 This section applies where— a there is a set-off amount in relation to a trade of a company for an accounting period, b the company is a member of…

Section 357FB — Tax advantage schemes

Tax advantage schemes 357FB 1 This section applies where— a a company is entitled to make a deduction under section 357A(2) in calculating the profits of a trade of the company for an accounting…

Section 357GB — Application of this Part in relation to partnerships

Application of this Part in relation to partnerships 357GB 1 This section applies if a firm (within the meaning of CTA 2009) carries on a trade and any partner in the firm is a company within the…

Section 357GCZB — Exclusive licence held by another party to CSA

Exclusive licence held by another party to CSA 357GCZB 1 This section applies if— a a company is a party to a cost-sharing arrangement, b another party to the arrangement (“P”) holds an exclusive…

Section 357JB — Availability of relief

Availability of relief 357JB 1 The references in section 37 and sections 45A to 45F (relief for trade losses) to a loss are, where a company carrying on a trade in an accounting period has Northern…

Section 357JHB — Restriction on deductions

Restriction on deductions 357JHB 1 Subsection (2) applies where— a a company makes a claim for group relief for carried-forward losses under Part 5A in relation to a surrenderable amount that is a…

Section 357KB — “Qualifying trade”

“Qualifying trade” 357KB 1 “ Qualifying trade ” means a trade carried on by a company (otherwise than in partnership) where— a the company is within the charge to corporation tax in relation to the…

Section 357LB — Alternative finance arrangements

Alternative finance arrangements 357LB 1 Subsection (2) applies if alternative finance return is paid to a company. 2 The company is not regarded as having a NI RE merely by virtue of anything done…

Section 357MB — Profit imputed to back-office activities

Profit imputed to back-office activities 357MB 1 To determine for the purposes of section 357MA(3) the back-office profits of the qualifying trade for the accounting period, take the following steps—…

Section 357NB — Profit imputed to Northern Ireland back-office activities

Profit imputed to Northern Ireland back-office activities 357NB 1 To determine for the purposes of section 357NA(3) the Northern Ireland back-office profits of the trade for the accounting period,…

Section 357OB — Northern Ireland intangibles credits and debits: SMEs that are Northern Ireland employers

Northern Ireland intangibles credits and debits: SMEs that are Northern Ireland employers 357OB 1 This section applies to a company that— a is a Northern Ireland company in an accounting period by…

Section 357PB — Additional deduction under section 1044 of CTA 2009

Additional deduction under section 1044 of CTA 2009 357PB 1 This section applies where— a a company is entitled to corporation tax relief under section 1044 of CTA 2009 (additional deduction in…

Section 357QB — Tax credit: entitlement

Tax credit: entitlement 357QB 1 Section 1152 of CTA 2009 (meaning of “qualifying land remediation loss”) does not apply to a company in relation to a qualifying trade it carries on in an accounting…

Section 357RB — Northern Ireland supplementary deduction

Northern Ireland supplementary deduction 357RB 1 This section applies where— a a company is entitled under section 1199 of CTA 2009 to an additional deduction in calculating the profit or loss of the…

Section 357SB — Northern Ireland supplementary deduction

Northern Ireland supplementary deduction 357SB 1 This section applies where— a a company is entitled under section 1216CF of CTA 2009 to an additional deduction in calculating the profit or loss of…

Section 357TB — Northern Ireland supplementary deduction

Northern Ireland supplementary deduction 357TB 1 This section applies where— a a company is entitled under section 1217CF of CTA 2009 to an additional deduction in calculating the profit or loss of…

Section 357UB — Northern Ireland supplementary deduction

Northern Ireland supplementary deduction 357UB 1 This section applies where— a a company is entitled under section 1217H of CTA 2009 to an additional deduction in calculating the profit or loss of…

Section 357VB — Relevant Northern Ireland IP profits: SMEs that are Northern Ireland employers

Relevant Northern Ireland IP profits: SMEs that are Northern Ireland employers 357VB 1 This section applies if— a the company is a Northern Ireland company in the relevant period by virtue of the SME…

Section 357WB — Meaning of “qualifying partnership trade”

Meaning of “qualifying partnership trade” 357WB 1 “ Qualifying partnership trade ” means a trade carried on by a firm where the trade is not an excluded trade. 2 If an election by a firm for the…

Section 357WBB — Section 357WBA: supplementary

Section 357WBA: supplementary 357WBB 1 References in section 357WBA or this section to a partner in the firm include any person entitled to a share of income of the firm. 2 In determining for the…

Section 357XB — Lending and investment

Lending and investment 357XB 1 A trade is an “excluded trade” if it consists of or includes— a a lending activity, or b a relevant regulated activity. 2 But a trade is not an “excluded trade” by…

Section 357YB — Restitution interest chargeable as income

Restitution interest chargeable as income 357YB 1 Profits arising to a company which consist of restitution interest are chargeable to tax as income under this Part (regardless of whether the profits…

Section 357YNB — Meaning of “related company”

Meaning of “related company” 357YNB 1 A company is a “related company” for the purposes of section 357YNA(2) if at any time in the relevant period (see subsection (5)) that company was a member of…

Section 357BC — The development condition

The development condition 357BC 1 A company meets the development condition in relation to a right if condition A, B, C or D is met. Section 357BD (meaning of “qualifying development”) applies for…

Section 357BHC — Mixed sources of income

Mixed sources of income 357BHC 1 This section applies to any income that— a is mixed income, or b is paid under a mixed agreement. 2 “ Mixed income ” means the proceeds of sale where an item falling…

Section 357BLC — Qualifying expenditure on relevant R&D sub-contracted to unconnected persons

Qualifying expenditure on relevant R&D sub-contracted to unconnected persons 357BLC 1 In section 357BLA, the company's “ qualifying expenditure on relevant R&D sub-contracted to unconnected persons ”…

Section 357BNC — Global streaming election

Global streaming election 357BNC 1 Subsection (2) applies where a company has made a global streaming election for an accounting period under section 357BN(2)(c). 2 In its application for the purpose…

Section 357C — Relevant IP profits

Relevant IP profits 357C A1 This section applies for the purposes of determining the relevant IP profits of a trade of a company for an accounting period in a case where— a the accounting period…

Section 357CC — Relevant IP income

Relevant IP income 357CC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section 357DC — The mandatory streaming conditions

The mandatory streaming conditions 357DC 1 Mandatory streaming condition A is met in relation to a trade of a company for an accounting period if— a any amount brought into account as a credit in…

Section 357EC — Carry-forward of set-off amount

Carry-forward of set-off amount 357EC 1 This section applies where— a there is a set-off amount in relation to a trade of a company for an accounting period, and b the set-off amount has not been…

Section 357GC — Meaning of “cost-sharing arrangement

Meaning of “cost-sharing arrangement 357GC 1 This section applies for the purposes of this Part. 2 A “cost-sharing arrangement” is an arrangement under which— a each of the parties to the arrangement…

Section 357GCZC — R&D undertaken or contracted out by another party to CSA

R&D undertaken or contracted out by another party to CSA 357GCZC 1 Subsection (2) applies if— a a company is a party to a cost-sharing arrangement, and b another party to the arrangement (“P”)…

Section 357JC — Restriction on deductions

Restriction on deductions 357JC 1 Subsection (2) applies where— a relief is given under section 37 for a Northern Ireland loss (“the loss”), b the profits against which the relief is given include…

Section 357JHC — Modifications of Chapter 4 of Part 5A

Modifications of Chapter 4 of Part 5A 357JHC 1 Chapter 4 of Part 5A (limitations on group relief for carried-forward losses: claims under section 188CB) has effect, in relation to a claim under…

Section 357KC — “ SME ”

“ SME ” 357KC 1 A company is an “ SME ” in relation to an accounting period if the company is a micro, small or medium-sized enterprise as defined in the Annex— a in that accounting period, or b in…

Section 357LC — The independent broker condition

The independent broker condition 357LC 1 This section applies if a transaction is carried out on behalf of a company in the course of the company's trade by a person in Northern Ireland acting as a…

Section 357NC — The separate enterprise principle

The separate enterprise principle 357NC 1 The profits of the company that are attributable to its NI RE are those that the NI RE would have made if it were a distinct and separate enterprise which— a…

Section 357OC — Northern Ireland intangibles credits and debits: SMEs that are not Northern Ireland employers and large companies

Northern Ireland intangibles credits and debits: SMEs that are not Northern Ireland employers and large companies 357OC 1 This section applies to a company that is a Northern Ireland company in an…