Transfer Pricing Solutions Limited


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Are you caught by the new rules?

The Government was forced to change the UK transfer pricing rules to ensure they are not rendered invalid under EU law, on the grounds that they discriminate against non-UK EU businesses. So, from 1 April 2004, the previous exemption for UK-UK transactions was withdrawn, dragging many UK domestic taxpayers into the regime for the first time. And many of the taxpayers who were already subject to the old regime now have to take into account domestic transactions, so the figures involved will multiply and new types of transactions may be subject to the regime.

Some lucky taxpayers are exempt if they are sufficiently small.

On-line tool

We have developed an on-line tool to lead you through the new rules to indicate whether, and the extent to which, you are caught.

In order to simplify things, we have boiled down the relevant parts of the transfer pricing legislation to the following five steps:

Click on Step 1 to commence using the on-line tool. It will guide you through the steps, one by one. At each step, you may learn that you are not caught, in which case you can stop there. Otherwise, you move on to the next step.

Note that this may take more than a few minutes. There are more than 30 webpages in the tool, so you may need to set aside an hour or two, to make the most of the tool.

The 'small print'

The comments on this page and elsewhere on this website are of a general nature. It is not practicable in a general review such as this to consider every convolution of the UK transfer pricing rules or of any other tax law that may be relevant. Moreover, these pages naturally do not take into account the specific facts relating to any particular taxpayer. Therefore, although the guidance in this website should give a good indication of the likely position under the transfer pricing rules, taxpayers should obtain professional advice to verify the position, or carry out their own analysis.

Neither TPS nor its affiliates and employees make any representation regarding the completeness or accuracy thereof and they accept no responsibility for any loss or damage incurred as a result of any user acting or refraining from acting upon anything contained on these pages or upon its omission therefrom.

On-line tool: navigation

Introduction

Step 1

Step 2

Step 3

Step 4

Step 5