Finance Act 2021

CTA 2010

20 (1) Section 357BN (profits arising from the exploitation of patents etc: small claims treatment) is amended as follows.

(2) In subsection (7)—

(a) in paragraph (a), for “no company is a related 51% group company of the company” substitute “the company has no associated company”,

(b) in paragraph (b), for “one or more companies are related 51% group companies of the company” substitute “the company has one or more associated companies”, and

(c) in the definition of “N”, for “those related 51% group” substitute “those associated”.

(3) After subsection (8) insert—

“(9) The rules in Part 3A (see sections 18E to 18J) which apply for determining whether a company is another company’s associated company in an accounting period for the purposes of section 18D apply for the purposes of this section.”