Transfer Pricing, Diverted Profits Tax And HMRC’s Profit Diversion Compliance Facility (PDCF) [On demand] has been saved
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Transfer Pricing, Diverted Profits Tax And HMRC’s Profit Diversion Compliance Facility (PDCF) [On demand]
Dbriefs Webcast
Aired 25 November 2021
Host: Jamie Bedford
Presenters: Richard Harries, Andrew Skipsey
Tackling profit diversion remains one of HMRC’s top priorities, with HMRC allocating significant resources to challenging transfer pricing and Diverted Profits Tax. HMRC launched the PDCF in January 2019 and have recently issued the fifth full batch of so called PDCF ‘nudge’ letters, requesting that taxpayers review their transfer pricing position. PDCF is now a well-established alternative to a HMRC enquiry. What should your organisation be aware of in regards to PDCF activity? We’ll discuss:
- The themes arising from HMRC activity in transfer pricing and Diverted Profits Tax.
- Important lessons from the PDCF nearly three years in.
- How to determine the best strategy for your organisation.
Find out more from our panel of tax controversy and transfer pricing specialists.