Taxation (International and Other Provisions) Act 2010 section 215

Manner of making adjustments to give effect to Part

Section 215 explains how tax adjustments required under the transfer pricing rules may be put into effect.

• When the transfer pricing rules require a tax adjustment, it can be carried out in several different ways.
• One method is through the discharge (cancellation) of a tax liability.
• Another method is through the repayment of tax already paid.
• Adjustments may also be made by modifying an existing tax assessment or by any other appropriate means.