Taxation (International and Other Provisions) Act 2010 Schedule 10 Part 2

Transfer pricing and advance pricing agreements – consequential repeals and revocations

Schedule 10 Part 2 lists the earlier legislation on transfer pricing and advance pricing agreements that is repealed or revoked as a consequence of its rewrite into the Taxation (International and Other Provisions) Act 2010.

• When the transfer pricing and advance pricing agreement rules were consolidated into TIOPA 2010, the original provisions scattered across multiple earlier Acts and statutory instruments were no longer needed and were formally repealed or revoked.
• The main provisions removed include ICTA 1988 Schedule 28AA and section 770A (the original transfer pricing code), Finance Act 1998 sections 108–111 and Schedule 16, and Finance Act 1999 sections 85–87 (which established the advance pricing agreement regime).
• Consequential amendments previously made to other legislation — such as the Capital Allowances Act 2001, Corporation Tax Act 2009, and various Finance Acts — were also swept away, as these cross-references were replaced by references to the corresponding new TIOPA 2010 provisions.
• The repeals cover legislation enacted between 1970 and 2009, including both primary legislation (Acts of Parliament) and secondary legislation (statutory instruments), ensuring a clean and consistent statute book going forward.

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