The transfer pricing environment in the U.K. has changed significantly over the last 8 years due to important changes in domestic legislation, adoption of the revisions to the OECD Transfer Pricing Guidelines arising from the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project, and changes in how HM Revenue & Customs (HMRC) are approaching compliance with transfer pricing standards and other international tax risks.
The latest development is that the U.K. is introducing mandatory transfer pricing documentation requirements, from April 2023, for large multinational groups which meet the size threshold for country-by-country reporting.
KPMG LLP (US) is hosting a one-hour TaxWatch Webcast which will focus on the U.K. transfer pricing landscape and what large businesses with UK operations need to consider in relation to the new TP documentation requirements. KPMG speakers, including senior professionals from KPMG in the U.K. and the U.S., will discuss the following topics:
- What are the key aspects of the UK corporate tax regime which groups should consider when determining transfer prices?
- How are HMRC approaching transfer pricing compliance risks?
- What are the new UK transfer pricing documentation requirements and what impact are they expected to have?
- Preparing UK transfer pricing documentation: what does good look like?
We hope you are able to join us for what promises to be an insightful and informative 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.