Corporation Tax Act 2010 section 357SB

Northern Ireland supplementary deduction

Section 357SB allows a Northern Ireland company involved in television production to claim an additional tax deduction, known as the Northern Ireland supplementary deduction, in respect of qualifying expenditure where certain conditions are met.

• The company must be entitled to an additional deduction under the television tax relief rules and be recognised as a Northern Ireland company for the relevant accounting period.
• All or part of the additional deduction must qualify as a Northern Ireland additional deduction.
• The deduction is available where the company has no surrenderable loss, does not claim television tax credit, or where surrendered Northern Ireland losses are less than the Northern Ireland additional deduction.
• The supplementary deduction is included in the calculation of the profit or loss of the separate programme trade and forms part of the Northern Ireland profits or losses of that trade.