tool: Step 1 - related parties
Does the UK taxpayer you are considering have any
Click the answer: YES
Guidance to help you
determine the answer:
Any UK taxpayer that has no related parties cannot be subject to the
transfer pricing rules, so each UK taxpayer should first determine if
it has any related parties. Usually, this will be obvious, but
follow this guidance to make sure.
Whether parties are related to one another for these purposes is
determined by reference to the concept of control. For guidance
on the concept of control, click here.
Type of entity
Whether parties are related depends also on the type of entities they
are, and who controls who.
Click what kind of entity the taxpayer is:
The 'small print'
comments on this page and elsewhere on this website are of a
general nature. It is not practicable in a general review such as
to consider every convolution of the UK transfer pricing rules or of
any other tax law that may be relevant. Moreover, these pages
naturally do not take into account the specific facts relating to any
particular taxpayer. Therefore, although the guidance in this
should give a good indication of the likely position under the transfer
pricing rules, taxpayers should obtain professional advice to verify
the position, or carry out their own analysis.
TPS nor its affiliates and employees make any representation regarding
completeness or accuracy thereof and they accept no responsibility for
any loss or damage incurred as a result of any user acting or
refraining from acting upon anything contained on these pages or upon
its omission therefrom.