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Legislation
Taxation (International and Other Provisions) Act 2010

CHAPTER 3 Exemptions from basic rule

  • Section 164A UK to UK Exemption
  • Section 165 Exemption for dormant companies
  • Section 166 Exemption for small and medium-sized enterprises
  • Section 167 Small and medium-sized enterprises: exceptions from exemption
  • Section 167A Small enterprises: exception from exemption: transfer pricing notice
  • Section 168 Medium-sized enterprises: exception from exemption: transfer pricing notice
  • Section 169 Giving of transfer pricing notices
  • Section 170 Appeals against transfer pricing notices
  • Section 171 Tax returns where transfer pricing notice given
  • Section 172 Meaning of “small enterprise” and “medium-sized enterprise”
  • Section 173 Meaning of “qualifying territory” and “non-qualifying territory”
  • Section 173A Exchange gains and losses arising as a result of qualifying loan relationships and derivative contracts
  1. Chapter 3 · Exemptions from basic rule
  2. Medium-sized enterprises: exception from exemption: transfer pricing notice

Section 168 | Medium-sized enterprises: exception from exemption: transfer pricing notice

From legislation.gov.uk

(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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