Statute
Section 357BNA — Corporation Tax Act 2010: Notional royalty election
Text of the provision Official document
Notional royalty election 357BNA 1 Subsection (2) applies where a company has made a notional royalty election for an accounting period under section 357BN(2)(a).
2 In its application for the purposes of determining the relevant IP profits of the trade of the company for the accounting period, section 357BHA (notional royalty) has effect as if—
a in subsection (2) for “the appropriate percentage” there were substituted “ 75% ” , and b subsections (3) to (6) were omitted.
Official source: legislation.gov.uk
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