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INTM489030 | Transfer pricing guidance: derivation and destination tables: Converting from earlier versions of the transfer pricing guidance

From HM Revenue & Customs · International Manual

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We have also indicated the pages where old guidance has been withdrawn without replacement.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 pageSubjectNew INTM page
431010What is the transfer pricing problem?410020
431020How do companies set their transfer pricing policy?484010, 484100
431030How does the arm’s length principle solve the transfer pricing problem?412040
431040Why is the Associated Enterprises Article (OECD Model Treaty Article 9) important?420010
431050What is the UK’s transfer pricing rule?412020
431060Does TIOPA10/Part 4 only apply to companies?412030
431070How did the UK’s transfer pricing rule evolve?Withdrawn
431080Can transfer pricing be tackled without applying TIOPA10/Part 4?480520
432020Outline of Schedule 28AA/TIOPA10 Part 4412010
432030Basic rule and OECD construction412010
432040Meaning of ‘provision’ in Schedule 28AA412050
432050Transaction or series of transactions412050, 440010, 440190
432055DSG Retail Limited and others v HMRC (TC00001)412050
432060Participation in the management, control or capital of a person412060
432070Joint ventures412060
432080Permanent establishments480020, 281000
432090The affected persons: enterprises412050, 412060
432100Advantage in relation to UK taxation412020
432110Exemptions: overview412070
432112Exemptions: small and medium sized enterprises412080
432114Exemptions: dormant companies412110
432120Special cases: Life assurance companies/ Petroleum companies412120
432130FOREX: generalCFM38530, CFM38540
432135FOREX: matching loansCFM62830
432140Capital allowances and capital gains440040
432150Interaction with CFC Legislation412130, 441140, 480020
432155Interaction with employee share scheme legislation440220
432160Relief to prevent a double charge under Schedule 28AA412130
432170Interaction with VAT486010
433010Returns on arm’s length principle412010
433020Record keeping: the general duty and transfer pricing412010, 483010
433030Record keeping: transfer pricing documentation483030
433040Exposure to penalties483110
433050Demonstrating an “arm’s length” result - the OECD guidelines412040
434010Opening an enquiry483010
434020Information powersCH20000
434030Interest483100, CTM92000
434040Penalties483110, 483120
434050Closing an enquiry483090
434060Assessments483090
434070AppealsEM3831, ARTG2130
434080Reports and submissions to Business International, Transfer Pricing Team481010
435010Watson Brothers v Hornby (24TC506)Withdrawn
435020Sharkey v Wernher (36TC275)Withdrawn
435030Petrotim Securities Ltd v Ayres (41TC389)Withdrawn
435040Ridge Securities Ltd v CIR (44TC373)Withdrawn
435050Glaxo v CIR (68TC166)Withdrawn
435060Ametalco v CIR (SpC94)Withdrawn
435070Newidgets Manufacturing Ltd v Jones (SpC197)Withdrawn
435080Waterloo Plc and others v CIR (SpC301)Withdrawn
435090DSG Retail and others v HMRC (TC00001)412050, 421040, 485050
436010Overview of the ‘old code’Withdrawn
436020When does Section 770 apply?Withdrawn
436030Who does ICTA88/S770 apply to?Withdrawn
436040Meaning of control for Section 770 purposesWithdrawn
436050Board’s directionsWithdrawn
436060Section 773(4): the extended meaning of transaction: intangibles, services and outward loansWithdrawn
436070Waterloo plc and others v CIR: meaning of ‘business facility’Withdrawn
436080Information powersWithdrawn
436090CT Pay & File aspectsWithdrawn
436100Text of Section 770 - Sales etc. at an undervalue or overvalueWithdrawn
436110Text of Section 772 - Information powersWithdrawn
436120Text of Section 773 - Interpretation of Sections 770 and 771Withdrawn
451000Transforming transfer pricing project481010
452010What is the Transfer Pricing Group?481070
452020How is the Transfer Pricing Group structured?481070
452030Roles and responsibilities within the Transfer Pricing Group481070
452040Directorate specialisms within the Transfer Pricing Group481070
452050Case teams and the wider Transfer Pricing Community481080
435010What types of enquiry are within the governance?481020
453020The Stage Gate process481030
453030Stage Gate 1: Business Case481040
453040Stage Gate 2: Enquiry decision481040
453050Stage Gate 3: Action Plans481050
453060Stage Gate 4: 6-monthly review481050
453070Stage Gate 5: Resolution review481060
453080Legacy CasesWithdrawn
460110What is the aim of the practical guidance?480010
460120Is transfer pricing enquiry work worthwhile?482020, 482030
460130Who is the practical guidance aimed at?410010
460140What is transfer pricing?410020
460150Role of the OECD412010, 421010
460160Examples to demonstrate the tax effects of transfer pricingWithdrawn
460170Transaction-based legislation412050
460180The link with the other modules of International guidance480020
460190The old and new transfer pricing legislation412010
460200Scope of the practical guidance480010
460210General note about the guidance and health warningWithdrawn
461020Risk assessment - general overview482010, 482020
461030What type of transfer pricing case should be subject to enquiry?482040
461040Resources for transfer pricing enquiries482020
461050Amount of tax at risk482030
461060The scope and degree of transfer pricing problemsWithdrawn
461070General factors influencing case selection: introduction482020 to 482030
461080General factors influencing case selection: multinational enterprises484100
461090General factors influencing case selection: effective tax rates482050
461100General factors influencing case selection: the approach of other countries’ tax authorities to auditing transfer pricing482060
461110General factors influencing case selection: the results of the UK compared with group’s worldwide results482070
461120Particular factors influencing case selection - introduction482040
461130Particular factors influencing case selection - activities in or involving tax havens482060
461140Particular factors influencing case selection - activities in or involving tax shelters482060
461150Particular factors influencing case selection - losses over a number of years482080
461160Particular factors influencing case selection - payment of significant management fees or royalties482090, 482100
461170Particular factors influencing case selection - charging for the use of intellectual property482110
461180Particular factors influencing case selection - transactions which might have been overlookedWithdrawn
461190Particular factors influencing case selection - Innovative business structures441010
461200Risk assessment - detailed process482130
461210Risk assessment - know the business482020, 482130
461220Risk assessment - review of information on file482130, 482140
461230Risk assessment - review of information from other sources482140
461240Risk assessment - lack of information482150
461250Risk assessment - focus of enquiry482160
461260Risk assessment - persons “acting together”413190
462010Working a transfer pricing case: Introduction483010
462020Working a transfer pricing case: Other legislation and issues480520
462030Timetabling the enquiry483020
462040Working the enquiry483020
462050Initial information request483040
462060Dealing with the initial response483050
462070Exchange of Information483060
462080Reaching a settlement483070
462090The settlement: interplay of transfer pricing and other issues483020
462100The settlement: how many years?483080
462110The settlement: interest483100
462120The settlement: penalties483110, 483120
463120After the settlement483130
463010OECD and methodologies: Overview421010
463020Comparability421020
463030Comparable uncontrolled price421030
463035Comparable Uncontrolled Price: DSG Retail and others v HMRC (TC00001)421040
463040Resale minus421050
463050Cost plus412060
463060Profit split421070
463070Profit Split: DSG Retail and others v HMRC (TC00001)421080
463080Transactional net margin method421090
463090Cost contribution arrangements421100
463100Which transactions to review - intentional set-offs421110
463110Intangibles421120
464010Transactions: Overview440010
464020Transactions involving tangible goods440020
464030Transfer of trading stock440030
464040Transactions involving land and buildings440040
464050Transactions involving leasing440050
464060Transactions involving services440060, 440070, 440080
464070Centrally provided services440090
464080The absence of particular elements in a transaction or series of transactions440100
464090Intangibles: what are intangibles?440110
464100Intangibles: how is intangible property exploited?440120
464110Intangibles: fragmentation440130
464120Intangibles: royalties440180
464130Intangibles: treaties and ICTA88/S808B440180
464140Series of transactions440190
464150Setting aside a provision between connected persons440200
464160Share options: general440210
464170Share options: interaction with employee share scheme legislation440220
465010Structures: General overview441010
465020Tax-efficient structures441020
465030Transferring risk441030
465040Solutions involving marketing and distribution - commissionaires441040 to 441070
465050Solutions involving marketing and distribution - other structures441080
465060Solutions involving manufacturing441090, 441100
465070Solutions involving services441110
465080Solutions involving avoiding permanent establishments in the UK281000
465090Solutions involving research and development441120
465100Solutions involving valuable intangibles441130
465110Claims under mutual agreement procedure423010, 423020
465120Tax efficient structures - other legislation441140
466010Transfer pricing reports: General comments484010
466020Report contents484020
466030Legislation484030
466040Information in a report - functional analysis484040
466050OECD methodologies484060
466060What transactions are covered?484050
466070OECD methods - comparable uncontrolled price484070, 421030
466080OECD methods - cost plus/intra-group services484070, 421060
466090OECD methods - profit split484070, 421070
466100OECD methods - transactional net margin method484070, 421090
466110OECD methods - resale minus484070, 421050
466120Arm’s length range484090
467010Evidence gathering: General overview485010
467020Establish the facts485020
467030Using the correct method485030
467040Dealing with global transfer pricing484100
467050Using hybrid methods484080
467060OECD methodologies, business structures and tax minimisation strategiesWithdrawn
467070Using a test year485040
467080Searching for comparables: why use comparables?421020
467085DSG Retail Limited and others v HMRC (TC00001)485050
467090Searching for comparables: separate or combined transactions?Withdrawn
467100Searching for comparables: internal comparables485060
467110Searching for comparables: public information485070
467120Searching for comparables: UK or global companies?485080
467130Searching for comparables: using commercial databases485090
467140Searching for comparables: making adjustments to potential comparables485100
467150Searching for comparables: range of results485110
467160Establishing an arm’s length price for valuable intangible property485120
467170Industry standards and intangible property485120
467180Searching the internet485130
467190Press reports485130
467200Discounted cash flow modelsWithdrawn
467210Franchise modelsWithdrawn
468000Giving transfer pricing advice to taxpayers480030
469005Advance Pricing Agreeements: Introduction422010
469010What is an APA?422020
469015Types of agreement422030
469020Who may apply?422040
469025Expression of interest422050
469030Term of agreement422060
469035Formal application422070
469040Evaluation422080
469045Reaching agreement422090
469050Monitoring and review422100
469055Revocation and penalties422110
469060Revising and renewing422120
469065Information to include in the formal application422130
469070Typical timeline422140
469075Sample agreement422150
470010Corresponding adjustments associated with international transfer pricing adjustments412130
470020Advice on responding to requests for MAPs423020
470025Repatriation423030
470030Compensating adjustments associated with UK transfer pricing adjustments470030
542005Thin capitalisation: Overview413010
542010Thin capitalisation legislation: Introduction413020
542012The “would” and “could” arguments413030
542015Summary of sections specific to thin capitalisation413040
542020The basic precondition and the participation condition412020
542030Potential UK tax advantage413050
542040Transaction / series of transactions413060
542050Separate entity basis for determining borrowing capacity413070
542060The borrowing unit413080
542070UK-UK thin capitalisation413090
542080Special rules for lending between companies413100
542090Guarantees - what they do and what they are413110
542100Disregarding guarantees in working out the arm’s length cost of debt413120
542105Establishing the arm’s length value of a guarantee413130
542110TIOPA10/S182 - compensating adjustments for lenders413140
542120TIOPA10/S187 - the removal of disallowed interest from obligation to deduct tax under ITA07/S874413150
542130TIOPA10/S192 - claims to compensating adjustments for guarantors413160
542140Interaction between claims by lenders and guarantors413170
542150The acting together rules413180
542160Treatment of interest when it is paid413190
542170Interest which exceeds the arm’s length amount413200
542180ITA07/S874 - payments of yearly interest made overseas413210
542190Consequences of failing to deduct withholding tax413220
542200The interaction between UK taxing rights and double taxation agreements413230
542210Evolution of thin capitalisation legislation: pre 29 November 1994413240
542220Evolution of the thin capitalisation legislation: 29 November 1994 - 31 March 2004413250
542230Evolution of the thin capitalisation legislation: interest re-characterised as a distribution413260
542240Table of origins of Part 4 of Taxation (International and Other Provisions) Act 2010489010
542250Table of destinations to Part 4 of Taxation (International and Other Provisions) Act 2010489020