This content is from: United Kingdom
Significant changes to UK transfer pricing guidelines
HMRC has made significant changes to the transfer pricing sections of the Inland Revenue Manuals.
Several changes, published August 9, have been made to the existing guidance; new sections have been added, and old sections removed or reworded. HMRC have sought to restructure the chapters into a more user friendly format and provide additional guidance.
This rewrite is welcome as it should help UK taxpayers’ understanding of HMRC's requirements for transfer pricing and how their transactions and documentation may be audited as part of a risk management review or enquiry.
Further commentary on the changes and the new chapters are to follow from principal TPWeek correspondents for the UK, Grant Thornton. (wendy.nicholls@gtuk.com)
The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2019 Euromoney Institutional Investor PLC. For help please see our FAQ.