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 global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.