Section 357WG | Application of Part 8A to Northern Ireland firm

Chapter 15 (profits arising from the exploitation of patents etc) has effect in relation to a Northern Ireland firm as if—^F1

(a)except in relation to the making of elections under section 357A, references to a company were to the firm,^F1

(b)references to a Northern Ireland company were to a Northern Ireland firm,^F1

(c)references to the trade were to the firm's trade,^F1

(d)the reference in section 357V(2) to an election made by the company were to an election made by a corporate partner as defined by section 357GB(1),^F1

(e)the reference in 357V(2) to Part 8A were to Part 8A so far as relating to the corporate partner which made the election,^F1

(f)references to an accounting period of a company were to an accounting period of the firm,^F1

(g)the reference in section 357VB to the SME (Northern Ireland employer) condition in section 357KA were to the SME (Northern Ireland employer) partnership condition in section 357WA, and^F1F2F3

(h)references in section 357VC to—^F1F4

(i)the SME (election) condition in section 357KA were to the SME (election) partnership condition in section 357WA;^F1F4

(ii)the large company condition in section 357KA were to the large partnership condition in section 357WA;^F1F4

(iii)a qualifying trade by virtue of section 357KB(1) were to a qualifying partnership trade by virtue of section 357WB(1).^F1F4