SCHEDULES
SCHEDULE 1Small profits rate for non-ring fence profits
PART 3Consequential amendments
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.