Paragraph 13

(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 ”.