The cost of getting transfer pricing wrong is rising for taxpayers as HMRC continue to target profit diversion.
Transfer pricing is high on groups’ lists of major tax risks. Buoyed by their recent success in more than doubling their take from transfer pricing and diverted profits tax investigations, HMRC launched a Profit Diversion Compliance Facility (PDCF) in January 2019. In doing so they have put Multi-National Enterprises on notice that they see widespread non-compliance with BEPS in their cross-border arrangements.
In this article, Phil Roper and Tania Dimitrovich-Archer, look at:
Click here to read the full article.
For further information please contact:
© 2020 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.