http://www.legislation.gov.uk/ukpga/2010/4/section/357DCorporation Tax Act 2010An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.texttext/xmlenStatute Law Database2026-04-16Expert Participation2026-03-18 Corporation Tax Act 2010s. 658(1)(d)(e)Finance Act 2010Sch. 6 para. 31Sch. 6 para. 35Corporation Tax Act 2010s. 357CHAFinance Act 2024Sch. 2 para. 14(7)Sch. 2 para. 16(2) PART 8ACHAPTER 4357D1A company may elect to apply section 357DA (instead of section 357C) for the purposes of determining the relevant IP profits of any trade of the company for an accounting period in a case where— athe accounting period began before 1 July 2021,bthe company is not a new entrant (see section 357A(11)), andcnone of the amounts of relevant IP income brought into account as credits in calculating the profits of the trade for the accounting period is properly attributable to a new qualifying IP right (see section 357BP). 2An election made under subsection (1) is known as a “streaming election”.3A streaming election has effect—afor the accounting period for which it is made, andbfor each subsequent accounting period.This is subject to section 357DB.4A company must apply section 357DA (instead of section 357C) for the purposes of determining the relevant IP profits of a trade of the company for an accounting period in a case mentioned in subsection (1) if any of the mandatory streaming conditions in section 357DC is met in relation to the trade for the period.Pt. 8A inserted (with effect in accordance with Sch. 2 paras. 7, 8 of the amending Act) by Finance Act 2012 (c. 14), Sch. 2 para. 1(1)Words in s. 357D(1) inserted (15.9.2016) by Finance Act 2016 (c. 24), Sch. 9 para. 12(2)S. 357D(4) substituted (15.9.2016) by Finance Act 2016 (c. 24), Sch. 9 para. 12(3)