Section 217F Preliminary noticesF1

(1)

A designated officer may issue a preliminary notice to a company if they consider that the company has unassessed transfer pricing profits by virtue of section 217B.

(2)

A preliminary notice issued under this section must —

(a)

state the accounting period to which the unassessed transfer pricing profits relate;

(b)

set out the officer’s best judgement of the amount of unassessed transfer pricing profits;

(c)

set out the basis on which the officer considers that the conditions mentioned in section 217C(1) are met.

(3)

A preliminary notice under this section may not be issued in respect of an accounting period more than 4 years after the end of that period.

Annotations

Textual amendments

F1: Pt. 4A inserted (for accounting periods beginning on or after 1.1.2026) by Finance Act 2026 (c. 11), s. 46(2), Sch. 5 para. 1(1)