[F1Meaning of “Northern Ireland company”U.K.
Textual Amendments
F1Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1
357KA“Northern Ireland company”U.K.
(1)A company is a “Northern Ireland company” in an accounting period if—
(a)the company carries on a qualifying trade in the period, and
(b)the SME condition or the large company condition is met.
(2)The “SME condition” is that the company—
(a)is an SME in relation to the period, and
(b)is a Northern Ireland employer in relation to the period.
(3)The “large company condition” is that the company—
(a)is not an SME in relation to the period, and
(b)has a NIRE in the period.
(4)For the meaning of—
“qualifying trade”, see section 357KB;
“SME”, see section 357KC;
“Northern Ireland employer”, see section 357KD;
“NIRE”, see Chapter 5.]