Part 4Transfer pricing
CHAPTER 3Exemptions from basic rule
166Exemption for small and medium-sized enterprises
(1)
Section 147(3) and (5) do not apply in calculating for any chargeable period the profits and losses of a potentially advantaged person if that person is a small or medium-sized enterprise for that chargeable period (see section 172).
(2)
Exceptions to subsection (1) are provided—
(a)
in the case of a small enterprise, by F1sections 167 and 167A, and
(b)
in the case of a medium-sized enterprise, by sections 167 and 168.