UK HMRC has launched two public consultations on proposed changes in transfer pricing, permanent establishments, and diverted profits tax. Both consultations close at 11:59 pm on 7 July 2025.
The first consultation concerns transfer pricing scope and documentation, which includes two proposals. The first proposal would amend the current exemption from transfer pricing for small and medium-sized enterprises (SMEs), bringing medium-sized enterprises into the scope of transfer pricing. This si…