PART 8B

Trading profits taxable at the Northern Ireland rate
CHAPTER 11

Film tax relief

Introductory

Introduction and interpretation
357R
1
This Chapter makes provision about the operation of Part 15 of CTA 2009 (film tax relief) 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 film trade
” has the same meaning as in Chapter 3 of Part 15 of CTA 2009 (see section 1195(5) of that Act);
c
“
qualifying expenditure
” has the same meaning as in that Chapter (see section 1199(3) of that Act).
3
References in Part 15 of CTA 2009 to “film tax relief” include relief under this Chapter.
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