KPMG TaxWatch: A Discussion with the UK’s HMRC on the PDCF: Lessons Learned so far

Webcast overview

KPMG LLP (KPMG) is pleased to invite you to a one-hour TaxWatch Webcast with specialists from Her Majesty’s Revenue and Customs (HMRC) in the U.K., KPMG, and the U.K. member firm of KPMG International (KPMG U.K.), to discuss the Profit Diversion Compliance Facility (PDCF).

The PDCF is intended to be an innovative approach to fostering compliance with UK tax legislation, particularly focused on transfer pricing and the Diverted Profits Tax.

Members of HMRC’s PDCF team will be joined by senior transfer pricing dispute resolution professionals from KPMG and KPMG U.K. to explain PDCF and discuss practical experiences from the initial cases to go through the process. The presenters will cover:

What the PDCF is and how it works
HMRC’s view on “high risk” indicators
When a multinational should consider using the facility
HMRC “nudge letters”
Practical learnings from the initial cases
KPMG U.K.’s perspective on the process
What PDCF might mean for U.S. multinationals

When registering, you will have the option to submit specific questions for HMRC, KPMG, and KPMG U.K. in advance, which we will endeavour to address during the Webcast.

After registering, you will receive details on how to log into the Webcast or dial in for audio only. Continuing professional education (CPE) credit is available for U.S. participants who meet the eligibility requirements.

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