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Home / Simons-Taxes /Business tax /Part B4 Transfer pricing and profit fragmentation /Division B4.1 Transfer pricing /Transfer pricing documentation / B4.161 Transfer pricing documentation—HMRC guidance
Commentary

B4.161 Transfer pricing documentation—HMRC guidance

Business tax

HMRC guidance on transfer pricing documentation

As noted in B4.159, there is a general self-assessment requirement for UK businesses to keep and retain sufficient records to demonstrate that their tax returns are complete and accurate, including in respect of any figures affected by the transfer pricing rules1.

HMRC manuals set out2 how they interpret the general self-assessment record keeping requirements for transfer pricing purposes. This guidance states their commitment to interpreting the legislation by reference to Chapter V of the OECD Guidelines3. Chapter V

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