Section 357P | Introduction and interpretation F1
From legislation.gov.uk
(1)This Chapter makes provision about the operation of—F1
(a)Chapter 1A of Part 13 (R&D expenditure credit), andF2F1
(b)Chapter 2 of that Part (relief for loss-making, R&D-intensive SMEs).F1F2
in relation to expenditure incurred by a company in an accounting period in which it is a Northern Ireland company.
(2)In this Chapter—F1
(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;F1
(b)“qualifying Chapter 2 expenditure” has the same meaning as in Part 13 of CTA 2009 (see section 1051 of that Act);F1
(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;F1