SCHEDULES

SCHEDULE 9Profits from the exploitation of patents etc: consequential

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1

Section 357DA (relevant IP profits) is amended as follows.

2

In subsection (1)—

a

in Step 1—

i

for “section 357CB” substitute “ section 357BG ”, and

ii

for “sections 357CC and 357CD” substitute “ sections 357BH to 357BHC ”,

b

in Step 4, after “routine return figure” insert “ in relation to the trade for the accounting period ”,

c

in Step 5, for “elected” substitute “ made an election under section 357CL ”, and

d

in Step 6, after “marketing assets return figure” insert “ in relation to the trade for the accounting period ”.

3

In subsection (4), in the words after paragraph (b), for “sections 357CJ and 357CK” substitute “ sections 357BJA and 357BJB ”.