Section 357V | Introductory ^F1

(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.^F1

(2)If a company—^F1

(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^F1

(b)is a Northern Ireland company in that period,^F1

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).^F1