23 Profits from the exploitation of patents: cost-sharing arrangements
Finance (No 2) Act 2017 (2017 c 32) | Legislation

23  Profits from the exploitation of patents: cost-sharing arrangements

(1)     Part 8A of CTA 2010 (profits from the exploitation of patents) is amended as follows.

(2)     After section 357BLE insert—

“357BLEA Cases where the company is a party to a CSA

(1)     Subsection (2) applies if during the relevant period—

(a)     the company is a party to a cost-sharing arrangement (see section 357GC),

(b)     the company incurs expenditure in making payments under the arrangement that are within section 357BLC(2) by reason of section 357GCZC, and

(c)     persons who are not connected with the company make payments under the arrangement to the company in respect of relevant research and development undertaken or contracted out by the company.

(2)     So much of the expenditure referred to in paragraph (b) of subsection (1) as is equal to the amount of the payments referred to in paragraph (c) of that subsection is to be disregarded in determining the R&D fraction for the sub-stream.

(3)     Subsection (4) applies if during the relevant period—

(a)     the company is a party to a cost-sharing arrangement,

(b)     the company incurs expenditure in making payments under the arrangement that are within subsection (5), and

(c)     the company receives

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