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.U.K.
(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).