Textual Amendments
F1Pt. 8A inserted (with effect in accordance with Sch. 2 paras. 7, 8 of the amending Act) by Finance Act 2012 (c. 14), Sch. 2 para. 1(1)
(1)The marketing assets return figure in relation to a trade of a company for an accounting period is—
where—
NMR is the notional marketing royalty in respect of the trade for the accounting period (see section 357CO), and
AMR is the actual marketing royalty in respect of the trade for the accounting period (see section 357CP).
(2)Where—
(a)AMR is greater than NMR, or
(b)the difference between NMR and AMR is less than 10% of the qualifying residual profit of the trade for the accounting period,
the marketing assets return figure is nil.]