Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
18 November 2020
Top tips for transfer pricingTransfer pricing refers to the terms and conditions of transactions between associated parties, such as companies within the same group. In this blog, we explain why transfer pricing is an important consideration for international and UK-based businesses and our top tips for ensuring you are compliant with this often-complex legislation.
18 November 2020
Transfer pricing under the spotlight for tax authoritiesFor businesses operating internationally, transfer pricing (TP) requires proactive decision-making to reduce the tax risk inherent in operating in multiple tax jurisdictions. Without efficient transfer pricing policies in place, the businesses can suffer from double taxation, whereby the same income is taxed in two countries. Businesses are increasingly focussed on ensuring that their policies are robust enough to stand up to increased scrutiny from tax authorities around the world.
18 November 2020
How will Brexit impact transfer pricing for UK businesses?For businesses conducting transactions with related parties, transfer pricing (TP) is an important consideration – and with Brexit looming, businesses conducting transactions with related parties across borders will need to be aware of the impact this could have.
24 September 2020
Be aware of filing deadline extensionsIn late March, the Government announced an extension to the deadline for filing annual accounts with Companies House. However, as yet no corresponding extension has been granted to the HMRC deadlines for tax payment or filing. With a company’s accounts being a key component in preparing the tax return, businesses should be mindful of the timelines for submission each if utilising the extended Companies House filing period.
23 September 2020
COVID-19: Tax amendments you should be aware ofThere has been much publicity on the financial support being offered to businesses which have been adversely affected by COVID-19, but there are also certain relaxations of the rules regarding compliance, payment of tax and penalties that you should be aware of.
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