The following Corporation Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
Transfer pricing tax rules exist to counter the opportunity for groups to reduce their global tax burden by shifting profits to low tax jurisdictions through group pricing, eg by selling goods at cost from a company in a higher tax jurisdiction to one in a lower tax jurisdiction. Without tax rules to counter this, the company in the lower tax jurisdiction would make higher profits through its lower cost of sales. The company in the higher tax
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IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marked the end of the Brexit transition / implementation period entered into following the UK’s withdrawal from the EU. At this point in time, key transitional arrangements came to an end and significant changes began to take effect across the UK’s
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