Corporation Tax Act 2010 section 357UA

Northern Ireland additional deduction

Section 357UA defines the term "Northern Ireland additional deduction" in the context of theatrical productions and explains how it feeds into the calculation of Northern Ireland profits or losses for a separate theatrical trade.

• A Northern Ireland additional deduction is the portion of an additional deduction claimed for a theatrical production that relates to qualifying expenditure classified as Northern Ireland expenditure.
• The underlying additional deduction is one that can be claimed under the theatrical productions tax relief rules in the Corporation Tax Act 2009.
• Only the part of the additional deduction calculated by reference to Northern Ireland expenditure qualifies as a Northern Ireland additional deduction.
• Any Northern Ireland additional deduction is included when working out the Northern Ireland profits or Northern Ireland losses of the separate theatrical trade.