Part 1 Amendments Relating to Corporation Tax
Finance (No 2) Act 2023 (2023 c 30) | Legislation

SCHEDULE 5 Records Relating to Transfer Pricing

Section 37

Part 1 Amendments Relating to Corporation Tax

Records to be kept for the purposes of corporation tax

1

(1)     In Part 3 of Schedule 18 to FA 1998 (duty to keep and preserve records), paragraph 21 is amended as follows.

(2)     After sub-paragraph (5A) insert—

“(5AA)     Regulations under this paragraph may make provision, in relation to relevant transfer pricing records specified, or of a description specified, in the regulations—

(a)     as to the form or manner in which those records are to be kept and preserved;

(b)     by reference to things specified in the transfer pricing guidelines (within the meaning of section 164 of TIOPA 2010 (interpretation in accordance

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