Audits Bring Big Revenue Gains in UK: Transfer Pricing Report

Hello and welcome to the Transfer Pricing Report. I’m Caleb Harshberger, and this week we’re looking at new numbers out of the UK showing the country nearly doubled its revenue from transfer pricing audits last year, plus some additional data on APAs, MAPs, and diverted profits tax investigations. An ExxonMobil win highlights TP confusion in Canada. Also, new Tax Court developments for Meta and Medtronic. And HP Enterprise catches a new case.

Things got a little nuts in the UK last year.

New data from His Majesty’s Revenue & Customs show that the revenue from transfer pricing audits reached £3.4 ...