# Taxation (International and Other Provisions) Act 2010, Paragraph 9: Closure notices: rules relating to period for amendments


(1) This paragraph applies where a designated officer assesses the unassessed transfer pricing profits of all of the relevant corporate partners of a partnership in relation to a return period under paragraph 5.
(2) A relevant closure notice may not be issued under section 28B of TMA 1970 at any time before the end of the period for amendments.
(3) Accordingly, a tribunal direction given under section 28B of TMA 1970 in relation to a relevant closure notice has no effect until the period for amendments has ended.
(4) A relevant closure notice issued after the end of the period for amendments may not make any amendments to the partnership return which have the effect that the calculation of the partnership’s profits and losses under section 1259 of CTA 2009 more fully reflects the transfer pricing requirement to which the unassessed transfer pricing profits relate.
(5) In this paragraph a “relevant closure notice” means a partial or final closure notice in relation to an enquiry into the partnership return for the return period mentioned in sub-paragraph (1).

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Source: https://www.legislation.gov.uk/ukpga/2010/8/schedule/A1/paragraph/9 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/schedule-A1/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.