Section 357UJ | Introduction and interpretation

(1)This Chapter makes provision about the operation of Part 15D of CTA 2009 (orchestra 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 orchestral trade” has the same meaning as in Part 15D of CTA 2009 (see section 1217Q(6) of that Act);

(c)“qualifying expenditure” has the same meaning as in Chapter 3 of that Part (see section 1217RF of that Act).

(3)References in Part 15D of CTA 2009 to “orchestra tax relief” include relief under this Chapter.