Corporation Tax Act 2010 section 357CD

Notional royalty

Section 357CD previously dealt with the calculation of a notional royalty for the purposes of the patent box regime, but has been removed from the legislation.

• Section 357CD related to the concept of a "notional royalty" within the patent box provisions of Corporation Tax Act 2010.
• The section was omitted in its entirety by Finance Act 2016, Schedule 9, paragraph 6.
• The removal took effect from 15 September 2016.
• Any historical calculations that relied on this section for periods before 15 September 2016 would need to refer to the version of the legislation as it stood at that time.