Transfer Pricing for Auditors - A Practical Overview & Update

Introduction

With increasing scrutiny on transfer pricing practices, it is crucial for auditors to stay informed about the latest regulations and risk areas.

This new virtual classroom seminar will provide auditors and professionals involved in tax audits with an understanding of transfer pricing and the associated risks identified by HMRC in the UK.

What You Will Learn

This live and interactive session will cover the following:

• Brief overview of transfer pricing
• Definition and key concepts
• Regulatory framework (OECD guidelines and local regulations)
• Types of transactions
• High-level overview of transfer pricing methods
• Traditional transaction methods:
• Comparable uncontrolled price (CUP) method
• Resale price method
• Cost plus method
• Transactional profit methods:
• Transactional net margin method (TNMM)
• Profit split method
• Transfer pricing approach to policy setting
• Functional analysis, comparability analysis, risk assessment
• Transfer pricing documentation
• Best practice for different sized businesses
• Common transfer pricing risks and red flags identified by HMRC
• Practical exercises
• Case studies and scenarios
• Group discussions

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.