Section 357P | Introduction and interpretation

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

(a)Chapter 1A of Part 13 (R&D expenditure credit), and

(b)Chapter 2 of that Part (relief for loss-making, R&D-intensive SMEs).

(c)Repealed

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;

(d)Repealed

(e)Repealed