tool: Step 4 - Medium-size exemption
If you have got this far, the taxpayer you are looking at exceeds the
small-sized thresholds. All is not lost. There is also an
exemption for “medium-sized enterprises”.
All the stages in Step 3 are applicable here, although the thresholds
are of course higher. Transactions with non-qualifying
territories are not covered by the exemption. And you
still have to apply the thresholds on the basis of the taxpayer's group.
Now, jump to the first threshold, here.
The 'small print'
comments on this page and elsewhere on this website are of a
general nature. It is not practicable in a general review such as
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
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.
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