Transfer pricing: transactions between connected companies
How transactions between connected companies should be priced for UK tax purposes.
Overview
The UK바카라 사이트™s transfer pricing legislation details how transactions between connected parties are handled and in common with many other countries is based on the internationally recognised .
The UK legislation allows only for a transfer pricing adjustment to increase taxable profits or reduce a tax loss. It is not possible to decrease profits or increase a tax loss.
The UK바카라 사이트™s legislation also applies to transactions between any connected UK entities.
The 바카라 사이트˜arm바카라 사이트™s length principle바카라 사이트™ applies to transactions between connected parties. For tax purposes such transactions are treated by reference to the profit that would have arisen if the transactions had been carried out under comparable conditions by independent parties.
Exemptions
°Õ³ó±ð°ù±ð바카라 사이트™s .
Your business is a 바카라 사이트˜small바카라 사이트™ enterprise if it has no more than 50 staff and either an annual turnover or balance sheet total of less than €10 million.
Your business is a 바카라 사이트˜medium sized바카라 사이트™ enterprise if it has no more than 250 staff and either an annual turnover of less than €50 million or a balance sheet total of less than €43 million.