SCHEDULES
SCHEDULE 5Provision not at arm’s length: related amendments
Taxes Management Act 1970
Notice of enquiry
1
1
Section 9A of the Taxes Management Act 1970 (c. 9) is amended as follows.
2
For subsection (4) (scope of inquiry) substitute—
4
An enquiry extends to—
a
anything contained in the return, or required to be contained in the return, including any claim or election included in the return,
b
consideration of whether to give the taxpayer a transfer pricing notice under paragraph 5C of Schedule 28AA to the principal Act (provision not at arm’s length: medium-sized enterprise),
but this is subject to the following limitation.