UK transfer pricing legislation update

Apr 16, 2018

UK transfer pricing legislation follows the OECD Transfer Pricing Guidelines. As a result, when the OECD guidelines change, UK legislation must also be updated as and when those guidelines change.

The OECD Guidelines were updated in July 2017 and the UK has now laid a statutory Instrument before Parliament which will incorporate these new guidelines into UK law. This Statutory Instrument is The Taxation (International and Other Provisions) Act 2010 Transfer Pricing Guidelines Designation Order 2018 (SI 2018 No 266).