Section 357H IntroductionF1

This Part is about the Northern Ireland rate of corporation tax and the application of that rate to Northern Ireland profits.

Chapter 2 is about how the Northern Ireland rate is determined.

Chapter 3—

Chapters 4 and 5 define expressions used in this Part in connection with the determination of a company's Northern Ireland profits; see—

• Chapter 4 for definitions of “Northern Ireland company”, “qualifying trade”, “SME” and “Northern Ireland employer”;

• Chapter 5 for provision about whether a company has a Northern Ireland regional establishment (a “NIRE”).

Chapters 6 and 7 contain rules for determining whether profits or losses of a trade are “Northern Ireland profits” or “Northern Ireland losses”; see—

• Chapter 6 for rules applying in the case of a Northern Ireland company that is an SME F2and is a Northern Ireland employer;

• Chapter 7 for rules applying in the case of a Northern Ireland company F3that—

  1. (a)

     is an SME that is not a Northern Ireland employer and has made the requisite election, or

  2. (b)

     is not an SME.

Chapter 8 is about the treatment of intangible fixed assets in relation to Northern Ireland companies.

Chapters 9 to 15 are about the way in which various credits and reliefs work in relation to Northern Ireland companies; see—

• Chapter 9 for provision about R&D expenditure credits and relief for expenditure relating to research and development;

• Chapter 10 for provision about relief for expenditure relating to the remediation of contaminated or derelict land;

• Chapter 11 for provision about film tax relief;

• Chapter 12 for provision about television production;

• Chapter 13 for provision about video games development;

• Chapter 14 for provision about theatrical productions;

• F4Chapter 14A for provision about orchestra tax relief;

• F5Chapter 14B for provision about museums and galleries exhibition tax relief;

• Chapter 15 for provision about profits arising from exploitation of patents etc.

Chapter 16 contains rules for determining whether profits or losses of a trade are “Northern Ireland profits” or “Northern Ireland losses” in the case of a company that is a partner in a Northern Ireland firm.

Chapter 17—