Section 357R | Introduction and interpretation

(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.