Transfer pricing is a very important area for multinational companies. When a company signs its tax return it is declaring that all transactions with related parties are being carried out on arm’s length terms for tax purposes and that it has the documentation to support this. Transfer pricing legislation applies to all transactions with related parties whether they are resident in the UK or overseas.
Transfer Pricing is a subjective area and we pride ourselves on being commercial and practical. Our approach and solutions to your transfer pricing requirements will be based on an assessment of the size and risk of the transactions involved – whilst we are able to provide full benchmarking studies we will usually look for other, more robust, methods of defending your transfer pricing policy which will be embedded in the heart of the business. We will work together to develop a strong defensible position.
RSM Tenon’s transfer pricing experts can:
- Provide assistance with the preparation of intragroup pricing agreements
- Advise you what documentation should be retained and focus on utilising existing information held with the group
- Provide benchmarking studies where required
- Advise on SME Exemption
- Help you demonstrate compliance with the arm’s length principle