168Medium-sized enterprises: exception from exemption: transfer pricing noticeU.K.
This section has no associated Explanatory Notes
(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.
Modifications etc. (not altering text)
C1Ss. 166-171 excluded (1.4.2010 with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 542(2), 1184(1) (with Sch. 2)