Transfer Pricing & the Tax Gap - Be Prepared - Live with Jeremy Mindell

Introduction

Until April 2019 small and medium sized companies were exempted from considering either transfer pricing issues or the diverted profits tax as they were covered by exemptions.

The arrival of the new rules on fragmented profits from April 2019 mean that all sizes of companies need to consider whether there are potential tax liabilities on international transactions.

The latest figures on the tax gap between what HMRC expects to collect and does collect is in the order of £35 billion. About nearly half of this is accounted for by small and medium sized enterprises and HMRC have them within their sights.

It is anticipated that investigations will now commence in earnest and clients and advisors need to understand now the additional work that is required with respect to current accounting periods.

The session will also look at the new transfer pricing guidance issued by HMRC in September 2024.

What You Will Learn

This 5 hour live and interactive session will cover the following:

• Transfer pricing rules
• Diverted profits tax rules
• The impact of the new profit fragmentation rules on SMEs
• Potential consequences of falling foul of the new rules
• Actions that companies need to take to avoid a costly HMRC investigation
• A review of HMRC guidance in this area
• Scenario planning
• Practical case studies including DPT and TP raised in Refinitiv Ltd and others v HMRC [2023]

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.