Section 357PA R&D expenditure credit ...F1F3
This section applies where—
a company is entitled to an R&D expenditure credit under F2Chapter 1A of Part 13 of CTA 2009 (R&D expenditure credits) for an accounting period in relation to a qualifying trade, and
the company is a Northern Ireland company in the period.
The R&D expenditure credit forms part of the mainstream profits or mainstream losses of the trade.
Annotations
Textual amendments
- F1
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
- F2
Words in s. 357PA(1)(a) substituted (1.4.2024 with effect in relation to accounting periods beginning on or after that date) by Finance Act 2024 (c. 3), Sch. 1 paras. 13(4)(c)(ii), 16; S.I. 2024/286, reg. 2
- F3
Words in s. 357PA heading omitted (1.4.2024 with effect in relation to accounting periods beginning on or after that date) by virtue of Finance Act 2024 (c. 3), Sch. 1 paras. 13(4)(c)(i), 16; S.I. 2024/286, reg. 2
Notes on Chapter 1A of Part 13 of CTA 2009
Textual amendments
- F2
Words in s. 357PA cross-heading substituted (1.4.2024 with effect in relation to accounting periods beginning on or after that date) by Finance Act 2024 (c. 3), Sch. 1 paras. 13(4)(b), 16; S.I. 2024/286, reg. 2