Changes to the UK’s transfer pricing, permanent establishment and diverted profits tax rules proposed

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Changes to the UK’s transfer pricing, permanent establishment and diverted profits tax rules proposed

Published in Taxation magazine

February 08, 2024

United Kingdom
United Kingdom
United Kingdom
Tax team members Ben Jones and Rebekka Sandwell discuss the changes to the UK’s transfer pricing, permanent establishment and diverted profits tax rules proposed in the government’s consultation.

Key points

  • The UK government has published a consultation on simplifying and updating the legislation in relation to diverted profits tax, transfer pricing and permanent establishments
  • A key theme of the consultation is to achieve a closer alignment of the UK legislation with OECD terminology
  • A number of the proposals appear positive and the government's overarching objectives of clarity and consistency with international standards are sensible
  • Stakeholders should review the proposals in detail and provide carefully considered responses

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Key contacts

benjones@eversheds-sutherland.com

Ben Jones

Partner

United Kingdom

rebekkasandwell@eversheds-sutherland.com

Rebekka Sandwell

Principal Associate

United Kingdom

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