Paragraph 21

(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 ”.

(4)

After subsection (9) insert—

“(10)
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.”