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[F1PART 8BU.K.Trading profits taxable at the Northern Ireland rate

Textual Amendments

F1Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1

CHAPTER 9U.K.Research and development expenditure

IntroductoryU.K.

357PIntroduction and interpretationU.K.

(1)This Chapter makes provision about the operation of—

(a)Chapter 6A of Part 3 of CTA 2009 (trade profits: R&D expenditure credits),

(b)Chapter 2 of Part 13 of that Act (relief for SMEs: cost of R&D incurred by SME), F2...

F3(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;

F4(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F4(e). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .]

Textual Amendments

F2Word in s. 357P(1)(b) omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(11)(a)(i)

F3S. 357P(1)(c) omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(11)(a)(ii)

F4S. 357P(2)(d)(e) omitted (with effect in accordance with s. 47(15) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 47(11)(b)