UK update: Transfer pricing and thin-capitalization rules extend to domestic transactions

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UK update: Transfer pricing and thin-capitalization rules extend to domestic transactions

May 08 2004

The 2004 Finance Bill confirms that, from April 1 2004, the UK's transfer pricing rules, which until March 31 2004 applied only to cross-border related party transactions, are extended so that an arm's length price is also imposed for tax purposes on related party transactions within the UK

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