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Paragraph 41 Transfer pricing: no small and medium-sized enterprise exemption

United Kingdom

(1)

Section 166(1) of TIOPA 2010 (exemption for small and medium-sized enterprises from basic transfer pricing rule) does not apply to a potentially advantaged person if that person or the other affected person is a QAHC.

(2)

In this paragraph “potentially advantaged person” is to be construed in accordance with Part 4 of that Act.