Paragraph 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.”