{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-357OB",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-357OB.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/357OB",
  "kind": "section",
  "number": "357OB",
  "heading": "Northern Ireland intangibles credits and debits: SMEs that are Northern Ireland employers",
  "text": "(1) This section applies to a company that—\n(a) is a Northern Ireland company in an accounting period by virtue of the SME (Northern Ireland employer) condition in section 357KA, and\n(b) carries on a trade which is a qualifying trade by virtue of section 357KB(1) (trade other than excluded trade).\n(2) If the company does not carry on an excluded activity—\n(a) the Northern Ireland intangibles credits for the accounting period are—\n(i) the credits treated by section 747(2) of CTA 2009 as receipts of the qualifying trade for the period, except credits in respect of pre-commencement assets and realisation credits, and\n(ii) the Northern Ireland element of each realisation credit for the period, and\n(b) the Northern Ireland intangibles debits for the accounting period are—\n(i) the debits treated by section 747(3) of CTA 2009 as expenses of the qualifying trade for the period, except debits in respect of pre-commencement assets and realisation debits, and\n(ii) the Northern Ireland element of each realisation debit for the period.\n(3) If the company carries on an excluded activity, the Northern Ireland intangibles credits for the accounting period are—\n(a) the credits treated by section 747(2) of CTA 2009 as receipts of the qualifying trade for the period, to the extent that—\n(i) they are neither credits in respect of pre-commencement assets nor realisation credits, and\n(ii) they are not attributable to assets held for the purposes of the excluded activity, and\n(b) the Northern Ireland element of each realisation credit for the period.\n(4) If the company carries on an excluded activity, the Northern Ireland intangibles debits for the accounting period are—\n(a) the debits treated by section 747(3) of CTA 2009 as expenses of the qualifying trade for the period, to the extent that—\n(i) they are neither debits in respect of pre-commencement assets nor realisation debits, and\n(ii) they are not attributable to assets held for the purposes of the excluded activity, and\n(b) the Northern Ireland element of each realisation debit for the period.\n(5) For the meaning of “pre-commencement asset”, see section 357OH.\n(6) For the meaning of a “realisation credit” and “realisation debit” and of the “Northern Ireland element” of either, see sections 357OD and 357OE.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 357OB(1)(a) substituted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 7 para. 10(3)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in s. 357OB heading inserted (16.11.2017) by Finance (No. 2) Act 2017 (c. 32), Sch. 7 para. 10(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/357OB",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}