Section 169 | Giving of transfer pricing notices

(1)This section applies to a transfer pricing notice given to a person.

(2)The notice may be given in relation to—

(a)any provision specified, or of a description specified, in the notice, or

(b)every provision in relation to which one or other of the assumptions in section 147(3) and (5) would, apart from section 166(1), be required to be made when calculating the person's profits and losses for tax purposes.

(3)The notice may be given only after a notice of enquiry has been given to the person in relation to the person's tax return for the chargeable period concerned.

(4)The notice must identify the officer of Revenue and Customs to whom any notice of appeal under section 170 is to be given.

(5)In subsection (3) “notice of enquiry” means a notice under—

(a)section 9A or 12AC of TMA 1970, or

(b)paragraph 24 of Schedule 18 to FA 1998.