xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
Modifications etc. (not altering text)
C1Pt. 4 excluded by 2010 c. 4, s. 938N (as inserted (19.7.2011) by Finance Act 2011 (c. 11), Sch. 5 para. 2)
C2Pt. 4 excluded (1.10.2011) by Postal Services Act 2011 (c. 5), s. 93(2)(3), Sch. 2 para. 6(2); S.I. 2011/2329, art. 3
C3Pt. 4 excluded (1.4.2012) by Budget Responsibility and National Audit Act 2011 (c. 4), s. 29, Sch. 4 para. 3(2); S.I. 2011/2576, art. 5
C4Pt. 4 excluded (with effect in accordance with s. 148 of the amending Act) by Finance Act 2012 (c. 14), s. 129(11) (with s. 147, Sch. 17)
(1)A determination requires the Commissioners' sanction if it—
(a)is a transfer-pricing determination made for any of the specified purposes, and
(b)is not excepted by section 209 from the requirement for the Commissioners' sanction.
(2)In subsection (1) “transfer-pricing determination” means a determination of an amount to be brought into account for tax purposes in respect of any assumption made under section 147(3) or (5).
(3)For the purposes of subsection (1), each of the following is a specified purpose—
(a)the giving of a closure notice under section 28A(1) of TMA 1970 in relation to an enquiry into a return under section 8 or 8A of TMA 1970,
(b)the giving of a closure notice under section 28B(1) of TMA 1970 in relation to an enquiry into a partnership return,
(c)the giving of a closure notice under paragraph 32 of Schedule 18 to FA 1998 in relation to an enquiry into a company tax return,
(d)the giving of a notice under section 30B(1) of TMA 1970 amending a partnership return,
(e)the making of an assessment under section 29 of TMA 1970,
(f)the making of a discovery assessment under paragraph 41 of Schedule 18 to FA 1998 (which includes a discovery assessment under that paragraph as applied by paragraph 52 of that Schedule), and
(g)the making of a discovery determination under paragraph 41 of Schedule 18 to FA 1998.
(4)In this section “the Commissioners” means the Commissioners for Her Majesty's Revenue and Customs.