Corporation Tax Act 2010 section 329E

The relevant percentage

Section 329E defined the relevant percentage used in calculations under the profits from intellectual property regime, but this section has been repealed.

• Section 329E was part of Chapter 5A (sections 329A–329T) of the Corporation Tax Act 2010, which dealt with profits arising from the exploitation of patents and other intellectual property.
• The entire Chapter 5A, including section 329E, was repealed by the Finance Act 2015 (Schedule 11, paragraph 13(1)).
• The repeal takes effect in relation to accounting periods ending on or after 5 December 2013, meaning the provisions have no application for any such periods.
• Any company that previously relied on Chapter 5A for its corporation tax treatment of intellectual property profits should ensure its calculations for affected periods reflect the removal of these provisions.