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HMRC internal manual

International Manual

Transfer pricing guidance: derivation and destination tables: Converting from earlier versions of the transfer pricing guidance

In July 2012, we rewrote and restructured the transfer pricing guidance in this manual (see INTM410510 for more detail about this). As part of this process, the old page numbering system was replaced by a different pagination scheme. These changes mean that references to HMRC’s transfer pricing guidance in other material may direct you to a page which no longer exists. To help readers navigate the new guidance, we provide below the old page numbers and a summary of their content, with an indication of the new page number(s) which now deal with that subject.

We have also indicated the pages where old guidance has been withdrawn without replacement.

Old INTM page Subject New INTM page
     
431010 What is the transfer pricing problem? 410020
431020 How do companies set their transfer pricing policy? 484010, 484100
431030 How does the arm’s length principle solve the transfer pricing problem? 412040
431040 Why is the Associated Enterprises Article (OECD Model Treaty Article 9) important? 420010
431050 What is the UK’s transfer pricing rule? 412020
431060 Does TIOPA10/Part 4 only apply to companies? 412030
431070 How did the UK’s transfer pricing rule evolve? Withdrawn
431080 Can transfer pricing be tackled without applying TIOPA10/Part 4? 480520
432020 Outline of Schedule 28AA/TIOPA10 Part 4 412010
432030 Basic rule and OECD construction 412010
432040 Meaning of ‘provision’ in Schedule 28AA 412050
432050 Transaction or series of transactions 412050, 440010, 440190
432055 DSG Retail Limited and others v HMRC (TC00001) 412050
432060 Participation in the management, control or capital of a person 412060
432070 Joint ventures 412060
432080 Permanent establishments 480020, 281000
432090 The affected persons: enterprises 412050, 412060
432100 Advantage in relation to UK taxation 412020
432110 Exemptions: overview 412070
432112 Exemptions: small and medium sized enterprises 412080
432114 Exemptions: dormant companies 412110
432120 Special cases: Life assurance companies/ Petroleum companies 412120
432130 FOREX: general CFM38530, CFM38540
432135 FOREX: matching loans CFM62830
432140 Capital allowances and capital gains 440040
432150 Interaction with CFC Legislation 412130, 441140, 480020
432155 Interaction with employee share scheme legislation 440220
432160 Relief to prevent a double charge under Schedule 28AA 412130
432170 Interaction with VAT 486010
433010 Returns on arm’s length principle 412010
433020 Record keeping: the general duty and transfer pricing 412010, 483010
433030 Record keeping: transfer pricing documentation 483030
433040 Exposure to penalties 483110
433050 Demonstrating an “arm’s length” result - the OECD guidelines 412040
434010 Opening an enquiry 483010
434020 Information powers CH20000
434030 Interest 483100, CTM92000
434040 Penalties 483110, 483120
434050 Closing an enquiry 483090
434060 Assessments 483090
434070 Appeals EM3831, ARTG2130
434080 Reports and submissions to Business International, Transfer Pricing Team 481010
435010 Watson Brothers v Hornby (24TC506) Withdrawn
435020 Sharkey v Wernher (36TC275) Withdrawn
435030 Petrotim Securities Ltd v Ayres (41TC389) Withdrawn
435040 Ridge Securities Ltd v CIR (44TC373) Withdrawn
435050 Glaxo v CIR (68TC166) Withdrawn
435060 Ametalco v CIR (SpC94) Withdrawn
435070 Newidgets Manufacturing Ltd v Jones (SpC197) Withdrawn
435080 Waterloo Plc and others v CIR (SpC301) Withdrawn
435090 DSG Retail and others v HMRC (TC00001) 412050, 421040, 485050
436010 Overview of the ‘old code’ Withdrawn
436020 When does Section 770 apply? Withdrawn
436030 Who does ICTA88/S770 apply to? Withdrawn
436040 Meaning of control for Section 770 purposes Withdrawn
436050 Board’s directions Withdrawn
436060 Section 773(4): the extended meaning of transaction: intangibles, services and outward loans Withdrawn
436070 Waterloo plc and others v CIR: meaning of ‘business facility’ Withdrawn
436080 Information powers Withdrawn
436090 CT Pay & File aspects Withdrawn
436100 Text of Section 770 - Sales etc. at an undervalue or overvalue Withdrawn
436110 Text of Section 772 - Information powers Withdrawn
436120 Text of Section 773 - Interpretation of Sections 770 and 771 Withdrawn
451000 Transforming transfer pricing project 481010
452010 What is the Transfer Pricing Group? 481070
452020 How is the Transfer Pricing Group structured? 481070
452030 Roles and responsibilities within the Transfer Pricing Group 481070
452040 Directorate specialisms within the Transfer Pricing Group 481070
452050 Case teams and the wider Transfer Pricing Community 481080
435010 What types of enquiry are within the governance? 481020
453020 The Stage Gate process 481030
453030 Stage Gate 1: Business Case 481040
453040 Stage Gate 2: Enquiry decision 481040
453050 Stage Gate 3: Action Plans 481050
453060 Stage Gate 4: 6-monthly review 481050
453070 Stage Gate 5: Resolution review 481060
453080 Legacy Cases Withdrawn
460110 What is the aim of the practical guidance? 480010
460120 Is transfer pricing enquiry work worthwhile? 482020, 482030
460130 Who is the practical guidance aimed at? 410010
460140 What is transfer pricing? 410020
460150 Role of the OECD 412010, 421010
460160 Examples to demonstrate the tax effects of transfer pricing Withdrawn
460170 Transaction-based legislation 412050
460180 The link with the other modules of International guidance 480020
460190 The old and new transfer pricing legislation 412010
460200 Scope of the practical guidance 480010
460210 General note about the guidance and health warning Withdrawn
461020 Risk assessment - general overview 482010, 482020
461030 What type of transfer pricing case should be subject to enquiry? 482040
461040 Resources for transfer pricing enquiries 482020
461050 Amount of tax at risk 482030
461060 The scope and degree of transfer pricing problems Withdrawn
461070 General factors influencing case selection: introduction 482020 to 482030
461080 General factors influencing case selection: multinational enterprises 484100
461090 General factors influencing case selection: effective tax rates 482050
461100 General factors influencing case selection: the approach of other countries’ tax authorities to auditing transfer pricing 482060
461110 General factors influencing case selection: the results of the UK compared with group’s worldwide results 482070
461120 Particular factors influencing case selection - introduction 482040
461130 Particular factors influencing case selection - activities in or involving tax havens 482060
461140 Particular factors influencing case selection - activities in or involving tax shelters 482060
461150 Particular factors influencing case selection - losses over a number of years 482080
461160 Particular factors influencing case selection - payment of significant management fees or royalties 482090, 482100
461170 Particular factors influencing case selection - charging for the use of intellectual property 482110
461180 Particular factors influencing case selection - transactions which might have been overlooked Withdrawn
461190 Particular factors influencing case selection - Innovative business structures 441010
461200 Risk assessment - detailed process 482130
461210 Risk assessment - know the business 482020, 482130
461220 Risk assessment - review of information on file 482130, 482140
461230 Risk assessment - review of information from other sources 482140
461240 Risk assessment - lack of information 482150
461250 Risk assessment - focus of enquiry 482160
461260 Risk assessment - persons “acting together” 413190
462010 Working a transfer pricing case: Introduction 483010
462020 Working a transfer pricing case: Other legislation and issues 480520
462030 Timetabling the enquiry 483020
462040 Working the enquiry 483020
462050 Initial information request 483040
462060 Dealing with the initial response 483050
462070 Exchange of Information 483060
462080 Reaching a settlement 483070
462090 The settlement: interplay of transfer pricing and other issues 483020
462100 The settlement: how many years? 483080
462110 The settlement: interest 483100
462120 The settlement: penalties 483110, 483120
463120 After the settlement 483130
463010 OECD and methodologies: Overview 421010
463020 Comparability 421020
463030 Comparable uncontrolled price 421030
463035 Comparable Uncontrolled Price: DSG Retail and others v HMRC (TC00001) 421040
463040 Resale minus 421050
463050 Cost plus 412060
463060 Profit split 421070
463070 Profit Split: DSG Retail and others v HMRC (TC00001) 421080
463080 Transactional net margin method 421090
463090 Cost contribution arrangements 421100
463100 Which transactions to review - intentional set-offs 421110
463110 Intangibles 421120
464010 Transactions: Overview 440010
464020 Transactions involving tangible goods 440020
464030 Transfer of trading stock 440030
464040 Transactions involving land and buildings 440040
464050 Transactions involving leasing 440050
464060 Transactions involving services 440060, 440070, 440080
464070 Centrally provided services 440090
464080 The absence of particular elements in a transaction or series of transactions 440100
464090 Intangibles: what are intangibles? 440110
464100 Intangibles: how is intangible property exploited? 440120
464110 Intangibles: fragmentation 440130
464120 Intangibles: royalties 440180
464130 Intangibles: treaties and ICTA88/S808B 440180
464140 Series of transactions 440190
464150 Setting aside a provision between connected persons 440200
464160 Share options: general 440210
464170 Share options: interaction with employee share scheme legislation 440220
465010 Structures: General overview 441010
465020 Tax-efficient structures 441020
465030 Transferring risk 441030
465040 Solutions involving marketing and distribution - commissionaires 441040 to 441070
465050 Solutions involving marketing and distribution - other structures 441080
465060 Solutions involving manufacturing 441090, 441100
465070 Solutions involving services 441110
465080 Solutions involving avoiding permanent establishments in the UK 281000
465090 Solutions involving research and development 441120
465100 Solutions involving valuable intangibles 441130
465110 Claims under mutual agreement procedure 423010, 423020
465120 Tax efficient structures - other legislation 441140
466010 Transfer pricing reports: General comments 484010
466020 Report contents 484020
466030 Legislation 484030
466040 Information in a report - functional analysis 484040
466050 OECD methodologies 484060
466060 What transactions are covered? 484050
466070 OECD methods - comparable uncontrolled price 484070, 421030
466080 OECD methods - cost plus/intra-group services 484070, 421060
466090 OECD methods - profit split 484070, 421070
466100 OECD methods - transactional net margin method 484070, 421090
466110 OECD methods - resale minus 484070, 421050
466120 Arm’s length range 484090
467010 Evidence gathering: General overview 485010
467020 Establish the facts 485020
467030 Using the correct method 485030
467040 Dealing with global transfer pricing 484100
467050 Using hybrid methods 484080
467060 OECD methodologies, business structures and tax minimisation strategies Withdrawn
467070 Using a test year 485040
467080 Searching for comparables: why use comparables? 421020
467085 DSG Retail Limited and others v HMRC (TC00001) 485050
467090 Searching for comparables: separate or combined transactions? Withdrawn
467100 Searching for comparables: internal comparables 485060
467110 Searching for comparables: public information 485070
467120 Searching for comparables: UK or global companies? 485080
467130 Searching for comparables: using commercial databases 485090
467140 Searching for comparables: making adjustments to potential comparables 485100
467150 Searching for comparables: range of results 485110
467160 Establishing an arm’s length price for valuable intangible property 485120
467170 Industry standards and intangible property 485120
467180 Searching the internet 485130
467190 Press reports 485130
467200 Discounted cash flow models Withdrawn
467210 Franchise models Withdrawn
468000 Giving transfer pricing advice to taxpayers 480030
469005 Advance Pricing Agreeements: Introduction 422010
469010 What is an APA? 422020
469015 Types of agreement 422030
469020 Who may apply? 422040
469025 Expression of interest 422050
469030 Term of agreement 422060
469035 Formal application 422070
469040 Evaluation 422080
469045 Reaching agreement 422090
469050 Monitoring and review 422100
469055 Revocation and penalties 422110
469060 Revising and renewing 422120
469065 Information to include in the formal application 422130
469070 Typical timeline 422140
469075 Sample agreement 422150
470010 Corresponding adjustments associated with international transfer pricing adjustments 412130
470020 Advice on responding to requests for MAPs 423020
470025 Repatriation 423030
470030 Compensating adjustments associated with UK transfer pricing adjustments 470030
542005 Thin capitalisation: Overview 413010
542010 Thin capitalisation legislation: Introduction 413020
542012 The “would” and “could” arguments 413030
542015 Summary of sections specific to thin capitalisation 413040
542020 The basic precondition and the participation condition 412020
542030 Potential UK tax advantage 413050
542040 Transaction / series of transactions 413060
542050 Separate entity basis for determining borrowing capacity 413070
542060 The borrowing unit 413080
542070 UK-UK thin capitalisation 413090
542080 Special rules for lending between companies 413100
542090 Guarantees - what they do and what they are 413110
542100 Disregarding guarantees in working out the arm’s length cost of debt 413120
542105 Establishing the arm’s length value of a guarantee 413130
542110 TIOPA10/S182 - compensating adjustments for lenders 413140
542120 TIOPA10/S187 - the removal of disallowed interest from obligation to deduct tax under ITA07/S874 413150
542130 TIOPA10/S192 - claims to compensating adjustments for guarantors 413160
542140 Interaction between claims by lenders and guarantors 413170
542150 The acting together rules 413180
542160 Treatment of interest when it is paid 413190
542170 Interest which exceeds the arm’s length amount 413200
542180 ITA07/S874 - payments of yearly interest made overseas 413210
542190 Consequences of failing to deduct withholding tax 413220
542200 The interaction between UK taxing rights and double taxation agreements 413230
542210 Evolution of thin capitalisation legislation: pre 29 November 1994 413240
542220 Evolution of the thin capitalisation legislation: 29 November 1994 - 31 March 2004 413250
542230 Evolution of the thin capitalisation legislation: interest re-characterised as a distribution 413260
542240 Table of origins of Part 4 of Taxation (International and Other Provisions) Act 2010 489010
542250 Table of destinations to Part 4 of Taxation (International and Other Provisions) Act 2010 489020