Section 357U Introduction and interpretationF1

(1)

This Chapter makes provision about the operation of Part 15C of CTA 2009 (theatrical productions) 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)

“the separate theatrical trade” has the same meaning as in Part 15C of CTA 2009 (see section 1217I of that Act);

(c)

“qualifying expenditure” has the same meaning as in that Part (see section 1217JA of that Act).

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