Corporation Tax Act 2010 section 357NG

Deductions attributable to the NIRE for costs

Section 357NG allows deductions for costs attributable to a company's Northern Ireland Regional Establishment (NIRE) when calculating its Northern Ireland profits.

• When calculating profits attributable to a company's NIRE, certain cost deductions are permitted.
• The deductible costs are those that would have been incurred under the separate enterprise principle set out in section 357NC(2).
• This means the NIRE is treated as if it were a distinct and separate enterprise, and costs are assessed on that basis.
• The provision ensures that the NIRE's profit calculation properly reflects the expenses a standalone business would bear.