Corporation Tax Act 2010 section 357TD

Tax credit: Northern Ireland supplementary deduction ignored

Section 357TD ensures that Northern Ireland supplementary deductions are excluded when calculating a video games development company's available loss for the purposes of claiming video game tax credit.

• When a company claims video game tax credit under section 1217CH of CTA 2009, it must have a surrenderable loss.
• Any Northern Ireland supplementary deduction made by the company is ignored when determining the size of that available loss.
• This exclusion applies to supplementary deductions made in the current accounting period.
• It also applies to any Northern Ireland supplementary deductions made in earlier accounting periods.