Oil and gas: Advance Pricing Agreements

How to use Advance Pricing Agreements to resolve transfer pricing issues.

What an Advance Pricing Agreement is

An Advance Pricing Agreement (APA) is a written agreement between a business and HM Revenue and Customs (HMRC) which determines a method for resolving transfer pricing issues in advance of a return being made.

When the terms of the agreement are complied with, the agreement provides assurance to the business that the treatment of those transfer pricing issues will be accepted by HMRC for the period covered by the agreement.

You can find detailed guidance in the HMRC International Manual

Where you apply to

Large Business Oil and Gas is responsible for APAs involving North Sea and other offshore operations.

Send your application to:

HM Revenue and Customs - Large Business: Oil and Gas (APAs)
South West Wing
Bush House
United Kingdom

Published 10 November 2011