ARTICLE · 25 MAY 2022

HMRC Increasing Its Scrutiny Of Transfer Pricing Agreements

Hillier Hopkins

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"HMRC has invested significant time in training staff to deal with international issues, including transfer pricing, and continues to recruit staff in this risk area"...

United KingdomTax

“HMRC has invested significant time in training staff to deal with international issues, including transfer pricing, and continues to recruit staff in this risk area”

Source Government publication, Transfer Pricing and Diverted Profits Tax statistics, 2020 to 2021.

The additional resources HMRC have invested in their transfer pricing investigations team has already resulted in collecting their highest yield on record and they plan to allocate further resources.

Transfer pricing refers to the rules that govern the pricing of transactions between entities under common ownership or control. This most commonly impacts on charges made between different parts of a multinational businesses for goods, services, or intangible assets.

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