Transfer Pricing & the Tax Gap - Current Rules Explained

Introduction

The arrival of the rules on fragmented profits from April 2019 mean that all sizes of companies need to consider whether there are potential tax liabilities on international transactions.

The latest figures on the tax gap between what HMRC expects to collect and does collect is in the order of £35 billion. About nearly half of this is accounted for by small and medium sized enterprises and HMRC have them within their sights.

It is anticipated that investigations will now commence in earnest and clients and advisors need to understand now the additional work that is required with respect to current accounting periods.

What You Will Learn

This 5 hour seminar will cover the following:

• Transfer pricing rules
• Diverted profits tax rules
• The impact of the profit fragmentation rules on SMEs
• Potential consequences of falling foul of the new rules
• Actions that companies need to take to avoid a costly HMRC investigation
• A review of HMRC guidance in this area
• Scenario planning
• Practical case studies