# Finance Act 2022, Paragraph 41: Transfer pricing: no small and medium-sized enterprise exemption

Extent: E+W+S+N.I.

(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.

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Source: https://www.legislation.gov.uk/ukpga/2022/3/schedule/2/paragraph/41 (the official version)
Page: https://openlegislation.uk/finance-act-2022/schedule-2/paragraph-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.