Section 357V — Corporation Tax Act 2010: Introductory

Introductory 357V 1 This Chapter makes provision about the operation of Part 8A (profits arising from the exploitation of patents etc ) in relation to an accounting period in which a company is a Northern Ireland company.

2 If a company—

a has made an election under section 357A (election for special treatment of profits from patents etc ) with respect to a trade of the company in relation to an accounting period, and b is a Northern Ireland company in that period, Part 8A has effect subject to the provisions of this Chapter.

3 In this Chapter “ the relevant period ” means the accounting period mentioned in subsection (2).