Section 357P Introduction and interpretationF1

Chapter 1A of Part 13 (R&D expenditure credit), and

Chapter 2 of that Part (relief for loss-making, R&D-intensive SMEs).

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“Northern Ireland expenditure” means expenditure incurred in a trade to the extent that the expenditure forms part of the Northern Ireland profits or Northern Ireland losses of the trade;

“qualifying Chapter 2 expenditure” has the same meaning as in Part 13 of CTA 2009 (see section 1051 of that Act);

“Northern Ireland qualifying Chapter 2 expenditure” means so much of any qualifying Chapter 2 expenditure as forms part of the Northern Ireland profits or Northern Ireland losses of a trade;

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