F1PART 8BTrading profits taxable at the Northern Ireland rate
CHAPTER 13Video games development
Video game losses
357TGUse of losses in later periods
1
Section 1217DB of CTA 2009 (use of losses in later periods) has effect subject as follows.
2
The reference in subsection (2) of that section to a loss made in the separate video game trade is, in relation to a loss made in a period in which the company is a Northern Ireland company, a reference to—
a
any Northern Ireland losses of the trade of the period, or
b
any mainstream losses of the trade of the period;
and references to losses in subsections (3) and (6) of that section are to be read accordingly.
3
The reference in subsection (4) of that section to a loss made in the separate video game trade in a relevant later period is, where the company is a Northern Ireland company in the period, a reference to—
a
any Northern Ireland losses of the trade of the period, or
b
any mainstream losses of the trade of the period;
and references to losses in subsections (5)F2, (5A) and (6) of that section are to be read accordingly.
4
Subsection (6) of that section has effect, in relation to Northern Ireland losses, as if the reference to an additional deduction under Chapter 3 of Part 15B of that Act included a reference to a Northern Ireland supplementary deduction under this Chapter.
Pt. 8B inserted (with effect in accordance with s. 5 of the amending Act) by Corporation Tax (Northern Ireland) Act 2015 (c. 21), s. 1