Professional Training

Transfer Pricing & the Tax Gap - Be Prepared - Live with Jeremy Mindell - Learn Live

Length
4.5 hours
Next course start
10 September, 2024 See details
Course delivery
Virtual Classroom
Length
4.5 hours
Next course start
10 September, 2024 See details
Course delivery
Virtual Classroom

Course description

Until April 2019, SMEs were exempted from considering either transfer pricing issues or the diverted profits tax as they were covered by exemptions.


The arrival of the new rules on fragmented profits mean that all companies must consider the potential tax liabilities on international transactions. The latest figures on the tax gap between what HMRC expects to collect and does collect is around £35 billion. Almost half of this is accounted for by SMEs, and HMRC have them in their sights.


This live session aims to prepare you for the impact of the new profit fragmentation rules on SMEs. Jeremy Mindell will provide an overview of both transfer pricing and diverted profits tax rules, and will discuss HMRC guidance in this area. The actions that companies must take to avoid a costly HMRC investigation will be outlined, along with the consequences of falling foul of the new rules, and much more.

Upcoming start dates

1 start date available

10 September, 2024

  • Virtual Classroom
  • Online
  • English

Outcome / Qualification etc.

Following all MBL courses, a certificate of attendance will be provided for those who are required to evidence their CPD activity to a professional body.

Training Course Content

Introduction

Until April 2019 small and medium sized companies were exempted from considering either transfer pricing issues or the diverted profits tax as they were covered by exemptions.

The arrival of the new rules on fragmented profits from April 2019 mean that all sizes of companies need to consider whether there are potential tax liabilities on international transactions.

The latest figures on the tax gap between what HMRC expects to collect and does collect is in the order of £35 billion. About nearly half of this is accounted for by small and medium sized enterprises and HMRC have them within their sights.

It is anticipated that investigations will now commence in earnest and clients and advisors need to understand now the additional work that is required with respect to current accounting periods.

What You Will Learn

This 5 hour live and interactive session will cover the following:

  • Transfer pricing rules
  • Diverted profits tax rules
  • The impact of the new profit fragmentation rules on SMEs
  • Potential consequences of falling foul of the new rules
  • Actions that companies need to take to avoid a costly HMRC investigation
  • A review of HMRC guidance in this area
  • Scenario planning
  • Practical case studies including DPT and TP raised in Refinitiv Ltd and others v HMRC [2023]

Expenses

From £288
MBL Seminars Limited
C/o Law Business Research
Holborn Gate, 330 High Holborn
WC1V 7QT London

MBL Seminars Limited

MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...

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