With a new level of transfer pricing documentation, country-by-country reporting, now required for companies reporting in the UK, transfer pricing is one of the most challenging tax management issues facing multinational businesses today. And increasingly, businesses engaged in solely domestic activities can be affected.
Further changes likely to arise from the OECD’s anti-BEPS recommended actions 8, 9 and 10 will be aimed at more closely aligning transfer pricing outcomes with the reality of how value is created across parts of a multinational business.
Our transfer pricing specialists provide practical and fully integrated tax, valuation and economic solutions alongside specific sector experience to meet your commercial and operational needs. To help you respond to the current transfer pricing challenges, we have developed a methodology that allows us to create a profile of the status of your enterprise’s transfer pricing mechanisms and policies. We can then help you assess and mitigate any risks you may face with the new documentation requirements and transfer pricing policy standards.
As other anti-BEPS recommendations are implemented around the globe they will also trigger the need to restructure multinational business models corporate groups will need to review and reconfigure their businesses with increasing regularity. It is important to revisit transfer pricing policies whenever business structures or supply chains are reconfigured to ensure that they remain both cost efficient and compliant with transfer pricing standards.
Our transfer pricing specialists are all fully trained in general taxation and are able to identify and address any tax pitfalls and opportunities highlighted by our benchmarking, economic analysis and documentation work. Our goal is to develop and help you implement commercial and tax-efficient transfer pricing policies and to adapt them as and when new rules emerge or circumstances change. We can also help you with cost sharing arrangements, advance pricing agreements and transfer pricing risk assessments.