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Changes over time for: Section 357PB


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 26/03/2015.
Changes to legislation:
Corporation Tax Act 2010, Section 357PB is up to date with all changes known to be in force on or before 05 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.

Changes to Legislation
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[357PBAdditional deduction under section 1044 of CTA 2009U.K.
This section has no associated Explanatory Notes
(1)This section applies where—
(a)a company is entitled to corporation tax relief under section 1044 of CTA 2009 (additional deduction in calculating profits of a trade) for an accounting period in relation to any qualifying Chapter 2 expenditure,
(b)the company is a Northern Ireland company in the period, and
(c)some or all of the qualifying Chapter 2 expenditure is Northern Ireland qualifying Chapter 2 expenditure.
(2)Section 1044(8) of CTA 2009 (amount of additional deduction) has effect, in relation to the Northern Ireland qualifying Chapter 2 expenditure, as if the percentage specified in that provision were the adjusted percentage.
(3)For the purposes of this section “the adjusted percentage” means—
where—
A is the percentage specified in section 1044(8) of CTA 2009;
MR is the main rate for the financial year in which the expenditure is incurred;
NIR is the Northern Ireland rate for the financial year in which the expenditure is incurred.
(4)So much of the additional deduction under section 1044 of CTA 2009 as is (by virtue of this section) calculated by reference to the adjusted percentage forms part of Northern Ireland profits or Northern Ireland losses of the trade.]
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