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.