Paragraph 13

(1)

Chapter 3 of Part 8A of CTA 2010 (profits arising from the exploitation of patents etc: relevant IP profits) is amended as follows.

(2)

In section 357CL (companies eligible to elect for small claims treatment)—

(a)

in subsection (5) for “the company has no associated company” substitute “ no other company is a related 51% group company of the company ”,

(b)

in subsection (6)—

(i)

for “the company has one or more associated companies” substitute “ one or more other companies are related 51% group companies of the company, ” and

(ii)

for “those associated” substitute “ those related 51% group ”, and

(c)

omit subsection (9).

(3)

In section 357CM (small claims amount)—

(a)

in subsection (5) for “the company has no associated company” substitute “ no other company is a related 51% group company of the company ”,

(b)

in subsection (6)—

(i)

for “the company has one or more associated companies” substitute “ one or more other companies are related 51% group companies of the company, ” and

(ii)

for “those associated” substitute “ those related 51% group ”, and

(c)

omit subsection (8).