# Corporation Tax Act 2010, Section 357WE: Sections 357WC and 357WD: interpretation

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

(1) Section 357MA (profits or losses of trade that are Northern Ireland profits or losses etc: SMEs) as applied by section 357WC(4), and the other provisions of Chapter 6 so far as they apply for the purposes of section 357MA as so applied, have effect as if—
(a) references to the qualifying trade were to the firm's trade;
(b) references to the company were to the firm;
(c) references to the accounting period were to the firm's accounting period;
(d) the reference in section 357MA(1) to a qualifying trade by virtue of section 357KB(1) were to a qualifying partnership trade by virtue of section 357WB(1);
(e) the reference in section 357MA(3) to a qualifying trade by virtue of section 357KB(2) were to a qualifying partnership trade by virtue of section 357WB(2).
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) Section 357NA (profits or losses of trade that are Northern Ireland profits or losses etc: large companies) as applied by section 357WD(4), and the other provisions of Chapter 7 so far as they apply for the purposes of section 357NA as so applied, have effect as if—
(a) references to the qualifying trade were to the firm's trade;
(b) references to the company were to the firm;
(c) references to the accounting period were to the firm's accounting period;
(d) in section 357NA(1) the reference to a qualifying trade by virtue of section 357KB(1) were to a qualifying partnership trade by virtue of section 357WB(1),
(e) in section 357NA(3) the reference to a qualifying trade by virtue of section 357KB(2) were to a qualifying partnership trade by virtue of section 357WB(2);
(f) in section 357NF(5), the reference to a UK resident company were to a UK resident firm.

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