OT20333 - Corporation Tax General

Transfer Pricing. Disputes.

Unlike s770 the new transfer pricing rules must be applied by companies for the purposes of self assessing their Corporation Tax profits. There is no requirement for a Board’s direction. Public assurances were given about the extent of Head Office oversight, but in the case of oil transactions that oversight is exercised within OTO. If you cannot resolve a transfer pricing enquiry by agreement, or if there is any question of penalties, you should bring the matter to the attention of your Assistant Director.