INTM489030 - Transfer pricing guidance: derivation and destination tables: Converting from earlier versions of the transfer pricing guidance
In July 2012, we rewrote and restructured the transfer pricing guidance in this manual (see INTM410510 for more detail about this). As part of this process, the old page numbering system was replaced by a different pagination scheme. These changes mean that references to HMRC’s transfer pricing guidance in other material may direct you to a page which no longer exists. To help readers navigate the new guidance, we provide below the old page numbers and a summary of their content, with an indication of the new page number(s) which now deal with that subject.
We have also indicated the pages where old guidance has been withdrawn without replacement.
| Old INTM page | Subject | New INTM page |
|---|---|---|
| 431010 | What is the transfer pricing problem? | 410020 |
| 431020 | How do companies set their transfer pricing policy? | 484010, 484100 |
| 431030 | How does the arm’s length principle solve the transfer pricing problem? | 412040 |
| 431040 | Why is the Associated Enterprises Article (OECD Model Treaty Article 9) important? | 420010 |
| 431050 | What is the UK’s transfer pricing rule? | 412020 |
| 431060 | Does TIOPA10/Part 4 only apply to companies? | 412030 |
| 431070 | How did the UK’s transfer pricing rule evolve? | Withdrawn |
| 431080 | Can transfer pricing be tackled without applying TIOPA10/Part 4? | 480520 |
| 432020 | Outline of Schedule 28AA/TIOPA10 Part 4 | 412010 |
| 432030 | Basic rule and OECD construction | 412010 |
| 432040 | Meaning of ‘provision’ in Schedule 28AA | 412050 |
| 432050 | Transaction or series of transactions | 412050, 440010, 440190 |
| 432055 | DSG Retail Limited and others v HMRC (TC00001) | 412050 |
| 432060 | Participation in the management, control or capital of a person | 412060 |
| 432070 | Joint ventures | 412060 |
| 432080 | Permanent establishments | 480020, 281000 |
| 432090 | The affected persons: enterprises | 412050, 412060 |
| 432100 | Advantage in relation to UK taxation | 412020 |
| 432110 | Exemptions: overview | 412070 |
| 432112 | Exemptions: small and medium sized enterprises | 412080 |
| 432114 | Exemptions: dormant companies | 412110 |
| 432120 | Special cases: Life assurance companies/ Petroleum companies | 412120 |
| 432130 | FOREX: general | CFM38530, CFM38540 |
| 432135 | FOREX: matching loans | CFM62830 |
| 432140 | Capital allowances and capital gains | 440040 |
| 432150 | Interaction with CFC Legislation | 412130, 441140, 480020 |
| 432155 | Interaction with employee share scheme legislation | 440220 |
| 432160 | Relief to prevent a double charge under Schedule 28AA | 412130 |
| 432170 | Interaction with VAT | 486010 |
| 433010 | Returns on arm’s length principle | 412010 |
| 433020 | Record keeping: the general duty and transfer pricing | 412010, 483010 |
| 433030 | Record keeping: transfer pricing documentation | 483030 |
| 433040 | Exposure to penalties | 483110 |
| 433050 | Demonstrating an “arm’s length” result - the OECD guidelines | 412040 |
| 434010 | Opening an enquiry | 483010 |
| 434020 | Information powers | CH20000 |
| 434030 | Interest | 483100, CTM92000 |
| 434040 | Penalties | 483110, 483120 |
| 434050 | Closing an enquiry | 483090 |
| 434060 | Assessments | 483090 |
| 434070 | Appeals | EM3831, ARTG2130 |
| 434080 | Reports and submissions to Business International, Transfer Pricing Team | 481010 |
| 435010 | Watson Brothers v Hornby (24TC506) | Withdrawn |
| 435020 | Sharkey v Wernher (36TC275) | Withdrawn |
| 435030 | Petrotim Securities Ltd v Ayres (41TC389) | Withdrawn |
| 435040 | Ridge Securities Ltd v CIR (44TC373) | Withdrawn |
| 435050 | Glaxo v CIR (68TC166) | Withdrawn |
| 435060 | Ametalco v CIR (SpC94) | Withdrawn |
| 435070 | Newidgets Manufacturing Ltd v Jones (SpC197) | Withdrawn |
| 435080 | Waterloo Plc and others v CIR (SpC301) | Withdrawn |
| 435090 | DSG Retail and others v HMRC (TC00001) | 412050, 421040, 485050 |
| 436010 | Overview of the ‘old code’ | Withdrawn |
| 436020 | When does Section 770 apply? | Withdrawn |
| 436030 | Who does ICTA88/S770 apply to? | Withdrawn |
| 436040 | Meaning of control for Section 770 purposes | Withdrawn |
| 436050 | Board’s directions | Withdrawn |
| 436060 | Section 773(4): the extended meaning of transaction: intangibles, services and outward loans | Withdrawn |
| 436070 | Waterloo plc and others v CIR: meaning of ‘business facility’ | Withdrawn |
| 436080 | Information powers | Withdrawn |
| 436090 | CT Pay & File aspects | Withdrawn |
| 436100 | Text of Section 770 - Sales etc. at an undervalue or overvalue | Withdrawn |
| 436110 | Text of Section 772 - Information powers | Withdrawn |
| 436120 | Text of Section 773 - Interpretation of Sections 770 and 771 | Withdrawn |
| 451000 | Transforming transfer pricing project | 481010 |
| 452010 | What is the Transfer Pricing Group? | 481070 |
| 452020 | How is the Transfer Pricing Group structured? | 481070 |
| 452030 | Roles and responsibilities within the Transfer Pricing Group | 481070 |
| 452040 | Directorate specialisms within the Transfer Pricing Group | 481070 |
| 452050 | Case teams and the wider Transfer Pricing Community | 481080 |
| 435010 | What types of enquiry are within the governance? | 481020 |
| 453020 | The Stage Gate process | 481030 |
| 453030 | Stage Gate 1: Business Case | 481040 |
| 453040 | Stage Gate 2: Enquiry decision | 481040 |
| 453050 | Stage Gate 3: Action Plans | 481050 |
| 453060 | Stage Gate 4: 6-monthly review | 481050 |
| 453070 | Stage Gate 5: Resolution review | 481060 |
| 453080 | Legacy Cases | Withdrawn |
| 460110 | What is the aim of the practical guidance? | 480010 |
| 460120 | Is transfer pricing enquiry work worthwhile? | 482020, 482030 |
| 460130 | Who is the practical guidance aimed at? | 410010 |
| 460140 | What is transfer pricing? | 410020 |
| 460150 | Role of the OECD | 412010, 421010 |
| 460160 | Examples to demonstrate the tax effects of transfer pricing | Withdrawn |
| 460170 | Transaction-based legislation | 412050 |
| 460180 | The link with the other modules of International guidance | 480020 |
| 460190 | The old and new transfer pricing legislation | 412010 |
| 460200 | Scope of the practical guidance | 480010 |
| 460210 | General note about the guidance and health warning | Withdrawn |
| 461020 | Risk assessment - general overview | 482010, 482020 |
| 461030 | What type of transfer pricing case should be subject to enquiry? | 482040 |
| 461040 | Resources for transfer pricing enquiries | 482020 |
| 461050 | Amount of tax at risk | 482030 |
| 461060 | The scope and degree of transfer pricing problems | Withdrawn |
| 461070 | General factors influencing case selection: introduction | 482020 to 482030 |
| 461080 | General factors influencing case selection: multinational enterprises | 484100 |
| 461090 | General factors influencing case selection: effective tax rates | 482050 |
| 461100 | General factors influencing case selection: the approach of other countries’ tax authorities to auditing transfer pricing | 482060 |
| 461110 | General factors influencing case selection: the results of the UK compared with group’s worldwide results | 482070 |
| 461120 | Particular factors influencing case selection - introduction | 482040 |
| 461130 | Particular factors influencing case selection - activities in or involving tax havens | 482060 |
| 461140 | Particular factors influencing case selection - activities in or involving tax shelters | 482060 |
| 461150 | Particular factors influencing case selection - losses over a number of years | 482080 |
| 461160 | Particular factors influencing case selection - payment of significant management fees or royalties | 482090, 482100 |
| 461170 | Particular factors influencing case selection - charging for the use of intellectual property | 482110 |
| 461180 | Particular factors influencing case selection - transactions which might have been overlooked | Withdrawn |
| 461190 | Particular factors influencing case selection - Innovative business structures | 441010 |
| 461200 | Risk assessment - detailed process | 482130 |
| 461210 | Risk assessment - know the business | 482020, 482130 |
| 461220 | Risk assessment - review of information on file | 482130, 482140 |
| 461230 | Risk assessment - review of information from other sources | 482140 |
| 461240 | Risk assessment - lack of information | 482150 |
| 461250 | Risk assessment - focus of enquiry | 482160 |
| 461260 | Risk assessment - persons “acting together” | 413190 |
| 462010 | Working a transfer pricing case: Introduction | 483010 |
| 462020 | Working a transfer pricing case: Other legislation and issues | 480520 |
| 462030 | Timetabling the enquiry | 483020 |
| 462040 | Working the enquiry | 483020 |
| 462050 | Initial information request | 483040 |
| 462060 | Dealing with the initial response | 483050 |
| 462070 | Exchange of Information | 483060 |
| 462080 | Reaching a settlement | 483070 |
| 462090 | The settlement: interplay of transfer pricing and other issues | 483020 |
| 462100 | The settlement: how many years? | 483080 |
| 462110 | The settlement: interest | 483100 |
| 462120 | The settlement: penalties | 483110, 483120 |
| 463120 | After the settlement | 483130 |
| 463010 | OECD and methodologies: Overview | 421010 |
| 463020 | Comparability | 421020 |
| 463030 | Comparable uncontrolled price | 421030 |
| 463035 | Comparable Uncontrolled Price: DSG Retail and others v HMRC (TC00001) | 421040 |
| 463040 | Resale minus | 421050 |
| 463050 | Cost plus | 412060 |
| 463060 | Profit split | 421070 |
| 463070 | Profit Split: DSG Retail and others v HMRC (TC00001) | 421080 |
| 463080 | Transactional net margin method | 421090 |
| 463090 | Cost contribution arrangements | 421100 |
| 463100 | Which transactions to review - intentional set-offs | 421110 |
| 463110 | Intangibles | 421120 |
| 464010 | Transactions: Overview | 440010 |
| 464020 | Transactions involving tangible goods | 440020 |
| 464030 | Transfer of trading stock | 440030 |
| 464040 | Transactions involving land and buildings | 440040 |
| 464050 | Transactions involving leasing | 440050 |
| 464060 | Transactions involving services | 440060, 440070, 440080 |
| 464070 | Centrally provided services | 440090 |
| 464080 | The absence of particular elements in a transaction or series of transactions | 440100 |
| 464090 | Intangibles: what are intangibles? | 440110 |
| 464100 | Intangibles: how is intangible property exploited? | 440120 |
| 464110 | Intangibles: fragmentation | 440130 |
| 464120 | Intangibles: royalties | 440180 |
| 464130 | Intangibles: treaties and ICTA88/S808B | 440180 |
| 464140 | Series of transactions | 440190 |
| 464150 | Setting aside a provision between connected persons | 440200 |
| 464160 | Share options: general | 440210 |
| 464170 | Share options: interaction with employee share scheme legislation | 440220 |
| 465010 | Structures: General overview | 441010 |
| 465020 | Tax-efficient structures | 441020 |
| 465030 | Transferring risk | 441030 |
| 465040 | Solutions involving marketing and distribution - commissionaires | 441040 to 441070 |
| 465050 | Solutions involving marketing and distribution - other structures | 441080 |
| 465060 | Solutions involving manufacturing | 441090, 441100 |
| 465070 | Solutions involving services | 441110 |
| 465080 | Solutions involving avoiding permanent establishments in the UK | 281000 |
| 465090 | Solutions involving research and development | 441120 |
| 465100 | Solutions involving valuable intangibles | 441130 |
| 465110 | Claims under mutual agreement procedure | 423010, 423020 |
| 465120 | Tax efficient structures - other legislation | 441140 |
| 466010 | Transfer pricing reports: General comments | 484010 |
| 466020 | Report contents | 484020 |
| 466030 | Legislation | 484030 |
| 466040 | Information in a report - functional analysis | 484040 |
| 466050 | OECD methodologies | 484060 |
| 466060 | What transactions are covered? | 484050 |
| 466070 | OECD methods - comparable uncontrolled price | 484070, 421030 |
| 466080 | OECD methods - cost plus/intra-group services | 484070, 421060 |
| 466090 | OECD methods - profit split | 484070, 421070 |
| 466100 | OECD methods - transactional net margin method | 484070, 421090 |
| 466110 | OECD methods - resale minus | 484070, 421050 |
| 466120 | Arm’s length range | 484090 |
| 467010 | Evidence gathering: General overview | 485010 |
| 467020 | Establish the facts | 485020 |
| 467030 | Using the correct method | 485030 |
| 467040 | Dealing with global transfer pricing | 484100 |
| 467050 | Using hybrid methods | 484080 |
| 467060 | OECD methodologies, business structures and tax minimisation strategies | Withdrawn |
| 467070 | Using a test year | 485040 |
| 467080 | Searching for comparables: why use comparables? | 421020 |
| 467085 | DSG Retail Limited and others v HMRC (TC00001) | 485050 |
| 467090 | Searching for comparables: separate or combined transactions? | Withdrawn |
| 467100 | Searching for comparables: internal comparables | 485060 |
| 467110 | Searching for comparables: public information | 485070 |
| 467120 | Searching for comparables: UK or global companies? | 485080 |
| 467130 | Searching for comparables: using commercial databases | 485090 |
| 467140 | Searching for comparables: making adjustments to potential comparables | 485100 |
| 467150 | Searching for comparables: range of results | 485110 |
| 467160 | Establishing an arm’s length price for valuable intangible property | 485120 |
| 467170 | Industry standards and intangible property | 485120 |
| 467180 | Searching the internet | 485130 |
| 467190 | Press reports | 485130 |
| 467200 | Discounted cash flow models | Withdrawn |
| 467210 | Franchise models | Withdrawn |
| 468000 | Giving transfer pricing advice to taxpayers | 480030 |
| 469005 | Advance Pricing Agreeements: Introduction | 422010 |
| 469010 | What is an APA? | 422020 |
| 469015 | Types of agreement | 422030 |
| 469020 | Who may apply? | 422040 |
| 469025 | Expression of interest | 422050 |
| 469030 | Term of agreement | 422060 |
| 469035 | Formal application | 422070 |
| 469040 | Evaluation | 422080 |
| 469045 | Reaching agreement | 422090 |
| 469050 | Monitoring and review | 422100 |
| 469055 | Revocation and penalties | 422110 |
| 469060 | Revising and renewing | 422120 |
| 469065 | Information to include in the formal application | 422130 |
| 469070 | Typical timeline | 422140 |
| 469075 | Sample agreement | 422150 |
| 470010 | Corresponding adjustments associated with international transfer pricing adjustments | 412130 |
| 470020 | Advice on responding to requests for MAPs | 423020 |
| 470025 | Repatriation | 423030 |
| 470030 | Compensating adjustments associated with UK transfer pricing adjustments | 470030 |
| 542005 | Thin capitalisation: Overview | 413010 |
| 542010 | Thin capitalisation legislation: Introduction | 413020 |
| 542012 | The “would” and “could” arguments | 413030 |
| 542015 | Summary of sections specific to thin capitalisation | 413040 |
| 542020 | The basic precondition and the participation condition | 412020 |
| 542030 | Potential UK tax advantage | 413050 |
| 542040 | Transaction / series of transactions | 413060 |
| 542050 | Separate entity basis for determining borrowing capacity | 413070 |
| 542060 | The borrowing unit | 413080 |
| 542070 | UK-UK thin capitalisation | 413090 |
| 542080 | Special rules for lending between companies | 413100 |
| 542090 | Guarantees - what they do and what they are | 413110 |
| 542100 | Disregarding guarantees in working out the arm’s length cost of debt | 413120 |
| 542105 | Establishing the arm’s length value of a guarantee | 413130 |
| 542110 | TIOPA10/S182 - compensating adjustments for lenders | 413140 |
| 542120 | TIOPA10/S187 - the removal of disallowed interest from obligation to deduct tax under ITA07/S874 | 413150 |
| 542130 | TIOPA10/S192 - claims to compensating adjustments for guarantors | 413160 |
| 542140 | Interaction between claims by lenders and guarantors | 413170 |
| 542150 | The acting together rules | 413180 |
| 542160 | Treatment of interest when it is paid | 413190 |
| 542170 | Interest which exceeds the arm’s length amount | 413200 |
| 542180 | ITA07/S874 - payments of yearly interest made overseas | 413210 |
| 542190 | Consequences of failing to deduct withholding tax | 413220 |
| 542200 | The interaction between UK taxing rights and double taxation agreements | 413230 |
| 542210 | Evolution of thin capitalisation legislation: pre 29 November 1994 | 413240 |
| 542220 | Evolution of the thin capitalisation legislation: 29 November 1994 - 31 March 2004 | 413250 |
| 542230 | Evolution of the thin capitalisation legislation: interest re-characterised as a distribution | 413260 |
| 542240 | Table of origins of Part 4 of Taxation (International and Other Provisions) Act 2010 | 489010 |
| 542250 | Table of destinations to Part 4 of Taxation (International and Other Provisions) Act 2010 | 489020 |