SCHEDULES
SCHEDULE 1Small profits rate for non-ring fence profits
PART 3Consequential amendments
21CTA 2010
1
Section 357BNB (profits arising from the exploitation of patents etc: small claims figure election) is amended as follows.
2
In subsection (6), for “no company is a related 51% group company of the company” substitute “the company has no associated company”.
3
In subsection (7)—
a
for “one or more companies are related 51% group companies of the company” substitute “the company has one or more associated companies”, and
b
in the definition of “N”, for “those related 51% group” substitute “those associated”.