OrbitaxOrbitax

UK Introducing New Transfer Pricing Documentation Requirements for MNEs in the UK

|Proposed Changes|United Kingdom
United Kingdom

UK HMRC has published a policy paper on draft legislation that introduces powers for regulations to be made in relation to required transfer pricing documentation. It is proposed that such powers will be used to make regulations that will introduce a requirement for large multinational businesses operating in the UK to keep and preserve a Master file and a Local file in a prescribed and standardized format, as set out in the OECD's Transfer Pricing Guidelines. It is also proposed to use the …

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.