Section 357CP — Corporation Tax Act 2010: Actual marketing royalty

Actual marketing royalty 357CP 1 The actual marketing royalty in respect of a trade of a company for an accounting period is X% of the aggregate of any sums which—

a were paid by the company for the purposes of acquiring any relevant marketing assets, or the right to exploit any such assets, and b were brought into account as debits in calculating the profits of the trade for the accounting period.

2 In this section— “ relevant marketing assets ” has the same meaning as in section 357CO, and “X%” is the percentage given by Step 2 in section 357C(1).