Transfer Pricing applies to all transactions with related parties including between those in the UK, unless covered by a specific exception, and will cover tangeable goods, services, IP, and financing in particular.

It has never been more important to look at transfer pricing.HMRC is devoting many more specifically trained Inspectors to deal with it and their teams are liaising more closely with tax authorities elsewhere,including in the US.The new penalties regime is tougher-applying an adjustment to losses as well as profits and directing a 30% standard penalty on careless error or 70% on deliberate error even without concealment.

We can provide comprehensive assistance provided by experienced specialists who can help

• analyse business structures and transactions
• with the production of pricing models and documentation
• by identifying planning opportunities
• with any HMRC enquiries
• where expert input generally can save time and costs
• link the direct tax implications to associated VAT and Customs Duty issues