Valuation and consulting for financial reporting, federal, state and local tax, investment and risk management purposes.Valuation Advisory
Shiv Mahalingham, a managing director in Duff & Phelps' European transfer pricing practice, provides a roundup of the key changes to the UK transfer pricing landscape in recent months.
In recent months, there have been some important changes to the UK transfer pricing governance process:
Revised HMRC inspector guidance confirming that where a transfer pricing issue is neither suitable for an advance pricing agreement (APA), nor does it warrant an inquiry, Inspectors should not engage with the customer in discussions on that issue.
Revised APA statement of practice confirming the preference for multilateral APAs in most situations.
Initial experience of this revised process has shown that it is hampering the ability for businesses operating in the UK to obtain transfer pricing certainty and that it is leading to escalating transfer pricing compliance costs – particularly at year-end audit sign-off.
Duff & Phelps provided valuation and related advisory services to the Board of OHA Holdings LImited in its recent ownership consolidation of Irving Oil, Limited
Takata Europe GmbH has completed the sale of certain assets and liabilities to Key Safety Systems, Inc.
November 28-29, 2018 La Jolla,
November 28-29, 2018 La Jolla