PART 8B

Trading profits taxable at the Northern Ireland rate
CHAPTER 9

Research and development expenditure
Chapter
1A
of Part 13
of
CTA 2009

R&D expenditure credit ...
357PA
1
This section applies where—
a
a company is entitled to an R&D expenditure credit under
Chapter 1A of Part 13
of CTA 2009 (R&D expenditure credits) for an accounting period in relation to a qualifying trade, and
b
the company is a Northern Ireland company in the period.
2
The R&D expenditure credit forms part of the mainstream profits or mainstream losses of the trade.
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
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
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
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