# Taxation (International and Other Provisions) Act 2010, Section 166: Exemption for small and medium-sized enterprises

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

(1) Section 147(3) and (5) do not apply in calculating for any chargeable period the profits and losses of a potentially advantaged person if that person is a small or medium-sized enterprise for that chargeable period (see section 172).
(2) Exceptions to subsection (1) are provided—
(a) in the case of a small enterprise, by sections 167 and 167A, and
(b) in the case of a medium-sized enterprise, by sections 167 and 168.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/166 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-166
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.