# Corporation Tax Act 2010, Section 357P: Introduction and interpretation

Extent: E+W+S+N.I.

(1) This Chapter makes provision about the operation of—
(a) Chapter 1A of Part 13 (R&D expenditure credit), and
(b) Chapter 2 of that Part (relief for loss-making, R&D-intensive SMEs).
(c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
in relation to expenditure incurred by a company in an accounting period in which it is a Northern Ireland company.
(2) In this Chapter—
(a) “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;
(b) “qualifying Chapter 2 expenditure” has the same meaning as in Part 13 of CTA 2009 (see section 1051 of that Act);
(c) “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;
(d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/357P (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-357P
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.