# Taxation (International and Other Provisions) Act 2010, Section 217L: Closure notices: rules relating to period for amendments


(1) This section applies where a designated officer assesses a company’s unassessed transfer pricing profits for an accounting period under section 217H.
(2) A relevant closure notice may not be issued under paragraph 32 of Schedule 18 to FA 1998 at any time before the end of the period for amendments.
(3) Accordingly, a tribunal direction given under paragraph 33 of Schedule 18 to FA 1998 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 company tax return which have the effect that its self-assessment more fully reflects the transfer pricing requirement to which the unassessed transfer pricing profits relate.
(5) In this section a “relevant closure notice” means a partial or final closure notice in relation to an enquiry into the company tax return for the accounting period mentioned in subsection (1).

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Source: https://www.legislation.gov.uk/ukpga/2010/8/section/217L (the official version)
Page: https://openlegislation.uk/taxation-international-and-other-provisions-act-2010/section-217L
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.