(1) The Principal Act is amended by substituting the following for Part 35A:

"Part 35A Transfer Pricing

835A. Interpretation

(1) In this Part -

'arrangement' means -

(a) any transaction, action, course of action, course of conduct, scheme or plan,

(b) any agreement, arrangement of any kind, understanding, promise or undertaking, whether express or implied and whether or not it is, or is intended to be, legally enforceable, or

(c) any series of or combination of the circumstances referred to in paragraphs (a) and (b);

'chargeable asset' in relation to a person, means an asset which, if it were disposed of by the person, the gain accruing to the person would be a chargeable gain;

'chargeable period' has the same meaning as in section 321(2);

'Commission Recommendation' means Commission Recommendation 2003/361/EC of 6 May 2003[OJ No. L124, 20.5.2003, p. 36] concerning the definition of micro, small and medium-sized enterprises;

'double taxation relief arrangements' means arrangements having effect by virtue of section 826;

'group' (other than in the definition of 'transfer pricing guidelines' in section 835D(1)) means a company which has one or more 75 per cent subsidiaries together with those subsidiaries;