# Taxation (International and Other Provisions) Act 2010, Section 168: Medium-sized enterprises: exception from exemption: transfer pricing notice


(1) Section 166(1) does not apply in relation to any provision made or imposed if—
(a) the potentially advantaged person is a medium-sized enterprise for the chargeable period, and
(b) the Commissioners for Her Majesty's Revenue and Customs give that person a notice requiring the person to calculate the profits and losses of that chargeable period in accordance with section 147(3) or (5) in the case of that provision.
(2) A notice under subsection (1) is referred to in this Chapter as a transfer pricing notice.

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/168 (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-168
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.