Corporation Tax (Northern Ireland) Act 2015
Jurisdiction | UK Non-devolved |
Citation | 2015 c. 21 |
- “(1) This Part is about the Northern Ireland rate of corporation tax and the application of that rate to Northern Ireland profits.
- (2) Chapter 2 is about how the Northern Ireland rate is determined.
- (3) Chapter 3—
- (a) applies the Northern Ireland rate to Northern Ireland profits;
- (b) makes provision about the operation of certain reliefs for trading losses that are given against profits.
- Chapter 4 for definitions of “Northern Ireland company”, “qualifying trade”, “SME” and “Northern Ireland employer”;
- Chapter 5 for provision about whether a company has a Northern Ireland regional establishment (a “NIRE”) .
- Chapter 6 for rules applying in the case of a Northern Ireland company that is an SME;
- Chapter 7 for rules applying in the case of a Northern Ireland company that is not an SME.
- Chapter 9 for provision about R&D expenditure credits and relief for expenditure relating to research and development;
- Chapter 10 for provision about relief for expenditure relating to the remediation of contaminated or derelict land;
- Chapter 11 for provision about film tax relief;
- Chapter 12 for provision about television production;
- Chapter 13 for provision about video games development;
- Chapter 14 for provision about theatrical productions;
- Chapter 15 for provision about profits arising from exploitation of patents etc.
To continue reading
Request your trial