Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 357TC — Northern Ireland supplementary deduction: amount
Northern Ireland supplementary deduction: amount 357TC 1 This section contains provision for the purposes of section 357TB(2) about the amount of the Northern Ireland supplementary deduction. 2 If…
Section 357UC — Northern Ireland supplementary deduction: amount
Northern Ireland supplementary deduction: amount 357UC 1 This section contains provision for the purposes of section 357UB(2) about the amount of the Northern Ireland supplementary deduction. 2 If…
Section 357VC — Relevant Northern Ireland IP profits: SMEs that are not Northern Ireland employers and large companies
Relevant Northern Ireland IP profits: SMEs that are not Northern Ireland employers and large companies 357VC 1 This section applies if— a the company is a Northern Ireland company in the relevant…
Section 357WBC — “Disqualified firm”
“Disqualified firm” 357WBC 1 For the purposes of this Chapter, a firm is a “ disqualified firm ” in relation to a period if conditions A and B are met. 2 Condition A is that the firm has a NI RE in…
Section 357WC — Northern Ireland profits etc of firm determined under Chapter 6
Northern Ireland profits etc of firm determined under Chapter 6 357WC 1 This section applies where conditions A and B are met. 2 Condition A is that a firm is a Northern Ireland firm in an accounting…
Section 357XC — Investment management
Investment management 357XC 1 A trade is an “excluded trade” if it consists of or includes portfolio management, or risk management, in relation to— a a UCITS , or b an AIF. 2 In subsection (1)— a…
Section 357YC — Meaning of “restitution interest”
Meaning of “restitution interest” 357YC 1 In this Part “ restitution interest ” means profits in relation to which Conditions A to C are met. 2 Condition A is that the profits are interest paid or…
Section 357BD — Meaning of “qualifying development”
Meaning of “qualifying development” 357BD 1 A company carries out “ qualifying development ” in relation to a right if— a it creates, or significantly contributes to the creation of, the invention,…
Section 357BLD — Qualifying expenditure on relevant R&D sub-contracted to connected persons
Qualifying expenditure on relevant R&D sub-contracted to connected persons 357BLD 1 In section 357BLA, the company's “ qualifying expenditure on relevant R&D sub-contracted to connected persons ”…
Section 357CD — Notional royalty
Notional royalty 357CD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 357D — Alternative method of calculating relevant IP profits: “streaming”
Alternative method of calculating relevant IP profits: “streaming” 357D 1 A company may elect to apply section 357DA (instead of section 357C) for the purposes of determining the relevant IP profits…
Section 357ED — Company ceasing to carry on trade, etc
Company ceasing to carry on trade, etc 357ED 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 at any time in the…
Section 357GCZD — Acquisition of qualifying IP rights etc by another party to CSA
Acquisition of qualifying IP rights etc by another party to CSA 357GCZD 1 Subsection (2) applies if— a a company is a party to a cost-sharing arrangement, b a person (“A”) assigns to another party to…
Section 357GD — Meaning of “group”
Meaning of “group” 357GD 1 For the purposes of this Part a company (“company A”) is a member of a group at any time if any other company is at that time associated with company A. 2 The group…
Section 357JD — Availability of relief
Availability of relief 357JD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 357JHD — Modifications of Chapter 5 of Part 5A
Modifications of Chapter 5 of Part 5A 357JHD 1 Chapter 5 of Part 5A (limitations on group relief for carried-forward losses: claims under section 188CC) has effect, in relation to a claim under…
Section 357KD — “Northern Ireland employer”
“Northern Ireland employer” 357KD A company is a “ Northern Ireland employer ” in relation to an accounting period if the Northern Ireland workforce conditions are met— a in relation to that…
Section 357LD — The independent investment manager conditions
The independent investment manager conditions 357LD 1 This section applies if an investment transaction is carried out on behalf of a company in the course of the company's trade by a person in…
Section 357ND — Transactions treated as being on arm's length terms
Transactions treated as being on arm's length terms 357ND In accordance with the separate enterprise principle, transactions between the company's NI RE and any other part of the company are treated…
Section 357OD — “Realisation credit” and “realisation debit”
“Realisation credit” and “realisation debit” 357OD In this Chapter, a “realisation credit” or “ realisation debit ”, in relation to a trade carried on by a company in an accounting period, means a…
Section 357PD — Tax credit under section 1054 of CTA 2009: amount of tax credit
Tax credit under section 1054 of CTA 2009: amount of tax credit 357PD 1 Section 1058(1) of CTA 2009 (amount of tax credit) does not apply to a company in relation to a qualifying trade it carries on…
Section 357QD — Restriction on losses carried forward where tax credit claimed
Restriction on losses carried forward where tax credit claimed 357QD 1 In section 1158 of CTA 2009 (restriction on losses carried forward where tax credit claimed), subsection (2) and subsection (5)…
Section 357RD — Film tax credit: Northern Ireland supplementary deduction ignored
Film tax credit: Northern Ireland supplementary deduction ignored 357RD For the purpose of determining the available loss of a company under section 1201 of CTA 2009 (film tax credit claimable if…
Section 357SD — Tax credit: Northern Ireland supplementary deduction ignored
Tax credit: Northern Ireland supplementary deduction ignored 357SD For the purpose of determining the available loss of a company under section 1216CH of CTA 2009 (television tax credit claimable if…
Section 357TD — Tax credit: Northern Ireland supplementary deduction ignored
Tax credit: Northern Ireland supplementary deduction ignored 357TD For the purpose of determining the available loss of a company under section 1217CH of CTA 2009 (video game tax credit claimable if…
Section 357UD — Tax credit: Northern Ireland supplementary deduction ignored
Tax credit: Northern Ireland supplementary deduction ignored 357UD For the purpose of determining the available loss of a company under section 1217KA of CTA 2009 (amount of surrenderable loss) for…
Section 357VD — Relevant IP losses
Relevant IP losses 357VD 1 If any of the set-off provisions prevents section 357A from applying to an amount of relevant IP profits of the trade of the company for the relevant period, sections 357VA…
Section 357WD — Northern Ireland profits etc of firm determined under Chapter 7
Northern Ireland profits etc of firm determined under Chapter 7 357WD 1 This section applies where— a a company (“the corporate partner”) is a partner in a firm at any time during an accounting…
Section 357XD — Insurance: long-term business
Insurance: long-term business 357XD A trade is an “excluded trade” if it consists of or includes long-term business (within the meaning given by section 63(1) of FA 2012).
Section 357YD — Further provision about amounts included, or not included, in “restitution interest”
Further provision about amounts included, or not included, in “restitution interest” 357YD 1 Interest paid to a company is not restitution interest for the purposes of this Part if— a Condition B was…
Section 357BE — The active ownership condition
The active ownership condition 357BE 1 A company meets the active ownership condition for an accounting period if all or almost all of the qualifying IP rights held by the company in that accounting…
Section 357BLE — Qualifying expenditure on acquisition of relevant qualifying IP rights
Qualifying expenditure on acquisition of relevant qualifying IP rights 357BLE 1 In section 357BLA, the company's “ qualifying expenditure on the acquisition of relevant qualifying IP rights ” means…
Section 357CE — Excluded income
Excluded income 357CE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 357E — Company with relevant IP losses: set-off amount
Company with relevant IP losses: set-off amount 357E Where a company would be entitled to make a deduction under section 357A(2) in calculating the profits of a trade of the company for an accounting…
Section 357EE — Transfer of a trade between group members
Transfer of a trade between group members 357EE 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 a…
Section 357GCZE — Treatment of expenditure in connection with formation of CSA etc
Treatment of expenditure in connection with formation of CSA etc 357GCZE 1 Where— a a company makes a payment to a person (“P”) in consideration of that person entering into a cost-sharing…
Section 357GE — Other interpretation
Other interpretation 357GE 1 In this Part— “ invention ”, in relation to a right to which this Part applies, means the item or process in respect of which the right is granted, “ item ” includes any…
Section 357JE — Restriction on deductions
Restriction on deductions 357JE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 357KE — Northern Ireland workforce conditions
Northern Ireland workforce conditions 357KE 1 The Northern Ireland workforce conditions, in relation to a period, are— a that 75% or more of the working time that is spent in the United Kingdom…
Section 357LE — Investment managers: the 20% rule
Investment managers: the 20% rule 357LE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 357NE — 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…
Section 357OE — The Northern Ireland element of a realisation credit or debit
The Northern Ireland element of a realisation credit or debit 357OE 1 This section has effect for the purposes of this Chapter. 2 A realisation credit or realisation debit can have a “Northern…
Section 357PE — Restriction on losses carried forward where tax credit claimed
Restriction on losses carried forward where tax credit claimed 357PE 1 Section 1062(2) and (3) of CTA 2009 (restriction on losses carried forward where tax credit claimed) do not apply to a company…
Section 357QE — Application and interpretation
Application and interpretation 357QE 1 This Chapter makes provision about the interaction between this Part and Part 14A of CTA 2009 (films, television programmes and video games). 2 This Chapter…
Section 357RE — Artificially inflated claims for additional deduction
Artificially inflated claims for additional deduction 357RE Section 1205(1)(a) and (2)(a) of CTA 2009 (artificially inflated claims for additional deduction or film tax credit) has effect as if…
Section 357SE — Artificially inflated claims for additional deduction
Artificially inflated claims for additional deduction 357SE Section 1216CL(1)(a) and (2)(a) of CTA 2009 (artificially inflated claims for additional deduction or tax credit) has effect as if…
Section 357TE — Artificially inflated claims for additional deduction
Artificially inflated claims for additional deduction 357TE Section 1217CL(1)(a) and (2)(a) of CTA 2009 (artificially inflated claims for additional deduction or film tax credit) has effect as if…
Section 357UE — Transactions not entered into for genuine commercial reasons
Transactions not entered into for genuine commercial reasons 357UE Section 1217LB of CTA 2009 (transactions not entered into for genuine commercial reasons) has effect as if the reference in…
Section 357VE — Interpretation of Chapter
Interpretation of Chapter 357VE In this Chapter— “ exclusive licence ”, in relation to a right, has the same meaning as in Part 8A (see section 357BA); “ qualifying IP right ” has the same meaning as…
Section 357WE — Sections 357WC and 357WD: interpretation
Sections 357WC and 357WD: interpretation 357WE 1 Section 357MA (profits or losses of trade that are Northern Ireland profits or losses etc : SMEs) as applied by section 357WC(4), and the other…