Corporation Tax Act 2010
Sections and provisions with full text and the judgments that cite each one.
Section 357XE — Re-insurance trade
Re-insurance trade 357XE 1 A trade is an “excluded trade” if it consists of re-insurance. 2 In this Part “ re-insurance ” includes retrocession.
Section 357YE — Period in which amounts are to be brought into account
Period in which amounts are to be brought into account 357YE 1 The amounts to be brought into account as restitution interest for any period for the purposes of this Part are those that are…
Section 357BF — Relevant IP profits
Relevant IP profits 357BF 1 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 357BLF — Meaning of the “relevant period” etc
Meaning of the “relevant period” etc 357BLF 1 Subsections (2) to (6) define “ the relevant period ” for the purposes of sections 357BLB to 357BLE. 2 The “relevant period” is the period which— a ends…
Section 357CF — Mixed sources of income
Mixed sources of income 357CF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 357EF — Payments between group members in consequence of section 357EB
Payments between group members in consequence of section 357EB 357EF 1 This section applies if— a there is a set-off amount in relation to a trade of a company for an accounting period, b subsection…
Section 357F — Licences conferring exclusive rights
Licences conferring exclusive rights 357F A licence that confers any right in respect of a qualifying IP right to the exclusion of all other persons is not to be regarded as an exclusive licence if…
Section 357GCZF — Treatment of income in connection with formation of CSA etc
Treatment of income in connection with formation of CSA etc 357GCZF 1 Where— a a company receives a payment in consideration of its entering into a cost-sharing arrangement, and b the company holds a…
Section 357JF — Availability of relief
Availability of relief 357JF 1 The reference in section 99(1)(a) (group relief: surrendering of losses and other amounts) to a trading loss is, where a company carrying on a trade in an accounting…
Section 357LF — Section 357LE: interpretation
Section 357LE: interpretation 357LF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 357NF — Allowable deductions
Allowable deductions 357NF 1 A deduction is allowed in calculating the profits attributable to the company's NI RE for any allowable expenses incurred for the purposes of the NIRE. 2 Expenses…
Section 357OF — Northern Ireland element: general rule
Northern Ireland element: general rule 357OF 1 If a realisation credit or realisation debit arises under section 735 of CTA 2009 (asset written down for tax purposes), its Northern Ireland element is…
Section 357PF — Additional deduction under section 1087 of CTA 2009
Additional deduction under section 1087 of CTA 2009 357PF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 357QF — 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…
Section 357RF — Restriction on use of losses while film is in production
Restriction on use of losses while film is in production 357RF 1 Section 1209 of CTA 2009 (restriction on use of losses while film is in production) has effect subject as follows. 2 The reference in…
Section 357SF — Restriction on use of losses while programme in production
Restriction on use of losses while programme in production 357SF 1 Section 1216DA of CTA 2009 (restriction on use of losses while programme in production) has effect subject as follows. 2 The…
Section 357TF — Restriction on use of losses while video game in development
Restriction on use of losses while video game in development 357TF 1 Section 1217DA of CTA 2009 (restriction on use of losses while video game in development) has effect subject as follows. 2 The…
Section 357UF — Restriction on use of losses before completion period
Restriction on use of losses before completion period 357UF 1 Section 1217MA of CTA 2009 (restriction on use of losses before completion period) has effect subject as follows. 2 The reference in…
Section 357WF — Application of section 747 of CTA 2009 to Northern Ireland firm
Application of section 747 of CTA 2009 to Northern Ireland firm 357WF Chapter 8 (intangible fixed assets) has effect in relation to a Northern Ireland firm as if— a references to a qualifying trade…
Section 357XF — Re-insurance activity
Re-insurance activity 357XF The activity of effecting or carrying out re-insurance contracts is an “excluded activity”.
Section 357YF — Companies without GAAP-compliant accounts
Companies without GAAP-compliant accounts 357YF 1 If a company— a draws up accounts which are not GAAP-compliant accounts, or b does not draw up accounts at all, this Part applies as if…
Section 357BG — Finance income
Finance income 357BG 1 For the purposes of this Part “ finance income ”, in relation to a trade of a company, means— a any credits which are treated as receipts of the trade by virtue of— i section…
Section 357BLG — Cases where the company is a new entrant with insufficient information about pre-enactment expenditure
Cases where the company is a new entrant with insufficient information about pre-enactment expenditure 357BLG 1 This section applies if— a the accounting period begins before 1 July 2021 and the…
Section 357CG — Adjustments in calculating profits of trade
Adjustments in calculating profits of trade 357CG 1 This section applies for the purposes of determining under section 357C the relevant IP profits of a trade of a company for an accounting period. 2…
Section 357G — Making of election under section 357A(1) or (11)(b)
Making of election under section 357A(1) or (11)(b) 357G 1 An election made by a company under section 357A(1) or (11)(b) is made by giving notice to an officer of Revenue and Customs. 2 The notice…
Section 357JG — Restriction on deductions
Restriction on deductions 357JG 1 Subsection (2) applies where— a a company makes a claim for group relief under Part 5 in relation to a surrenderable amount that is a Northern Ireland loss (“the…
Section 357LG — Application of 20% rule to collective investment schemes
Application of 20% rule to collective investment schemes 357LG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Section 357NG — Deductions attributable to the NI RE for costs
Deductions attributable to the NI RE for costs 357NG A deduction is allowed in calculating the profits attributable to the company's NI RE for any costs that would have been incurred on the…
Section 357OG — Northern Ireland element: credits where roll-over relief involved
Northern Ireland element: credits where roll-over relief involved 357OG 1 This section applies if a realisation credit relates to an asset (“the new asset”) whose cost recognised for tax purposes is…
Section 357QG — Carrying forward of production losses
Carrying forward of production losses 357QG 1 If the accounting period is a pre-completion period within the meaning of section 1179BF of CTA 2009 (carrying forward of production losses in separate…
Section 357RG — Use of losses in later periods
Use of losses in later periods 357RG 1 Section 1210 of CTA 2009 (restriction on use of losses in later periods) has effect subject as follows. 2 The reference in subsection (2) of that section to a…
Section 357SG — Use of losses in later periods
Use of losses in later periods 357SG 1 Section 1216DB of CTA 2009 (use of losses in later periods) has effect subject as follows. 2 The reference in subsection (2) of that section to a loss made in…
Section 357TG — Use of losses in later periods
Use of losses in later periods 357TG 1 Section 1217DB of CTA 2009 (use of losses in later periods) has effect subject as follows. 2 The reference in subsection (2) of that section to a loss made in…
Section 357UG — Use of losses in the completion period
Use of losses in the completion period 357UG 1 Section 1217MB of CTA 2009 (use of losses in the completion period) has effect subject as follows. 2 The reference in subsection (1) of that section to…
Section 357WG — Application of Part 8A to Northern Ireland firm
Application of Part 8A to Northern Ireland firm 357WG Chapter 15 (profits arising from the exploitation of patents etc ) has effect in relation to a Northern Ireland firm as if— a except in relation…
Section 357XG — Exploration and exploitation of UK sector of continental shelf
Exploration and exploitation of UK sector of continental shelf 357XG 1 An activity is an “excluded activity” if it is— a an exploration or exploitation activity, or b an activity carried on in…
Section 357YG — Restitution interest: appeals made out of time
Restitution interest: appeals made out of time 357YG 1 This section applies where— a an amount of interest (“the interest”) arises to a company as restitution interest for the purposes of this Part,…
Section 357BH — Relevant IP income
Relevant IP income 357BH 1 For the purposes of this Part “ relevant IP income ” means income falling within any of the Heads set out in— a subsection (2) (sales income), b subsection (6) (licence…
Section 357BLH — R&D fraction: increase for exceptional circumstances
R&D fraction: increase for exceptional circumstances 357BLH 1 The company may elect to increase the R&D fraction for the sub-stream by the amount mentioned in subsection (2) if (but for the…
Section 357CH — Shortfall in R&D expenditure
Shortfall in R&D expenditure 357CH 1 There is a shortfall in R&D expenditure in relation to a trade of a company for a relevant accounting period if the actual R&D expenditure of the trade for the…
Section 357H — Introduction
Introduction 357H 1 This Part is about the Northern Ireland rate of corporation tax and the application of that rate to Northern Ireland profits. 2 Chapter 2 is about how the Northern Ireland rate is…
Section 357JH — Modifications of Chapter 4 of Part 5
Modifications of Chapter 4 of Part 5 357JH 1 Chapter 4 of Part 5 (claims for group relief) has effect, in relation to a claim under that Chapter in relation to surrenderable amounts that include a…
Section 357LH — Meaning of “investment manager” and “investment transaction”
Meaning of “investment manager” and “investment transaction” 357LH In this Chapter “ investment manager ” and “ investment transaction ” have the same meanings as in Chapter 2 of Part 24 (see section…
Section 357NH — Payments and receipts in respect of intangible assets
Payments and receipts in respect of intangible assets 357NH 1 No deduction is allowed in calculating the profits attributable to the company's NI RE for royalties paid, or other similar payments…
Section 357OH — Pre-commencement asset
Pre-commencement asset 357OH 1 An intangible fixed asset is a “pre-commencement asset” if it was created before the commencement day. 2 “ The commencement day ” has the meaning given by section 5(4)…
Section 357QH — Transfer of terminal loss
Transfer of terminal loss 357QH 1 Subsection (2) applies if— a the Northern Ireland company ceases to carry on the separate trade in the accounting period, b as a result, section 1179BG of CTA 2009…
Section 357RH — Terminal losses
Terminal losses 357RH 1 Section 1211 of CTA 2009 (terminal losses) has effect subject as follows. 2 Where— a a company makes an election under subsection (3) of that section (election to treat…
Section 357SH — Terminal losses
Terminal losses 357SH 1 Section 1216DC of CTA 2009 (terminal losses) has effect subject as follows. 2 Where— a a company makes an election under subsection (3) of that section (election to treat…
Section 357TH — Terminal losses
Terminal losses 357TH 1 Section 1217DC of CTA 2009 (terminal losses) has effect subject as follows. 2 Where— a a company makes an election under subsection (3) of that section (election to treat…
Section 357UH — Terminal losses
Terminal losses 357UH 1 Section 1217MC of CTA 2009 (terminal losses) has effect subject as follows. 2 Where— a a company makes an election under subsection (2) of that section (election to treat…