UK: Consultation on proposals to extend scope of transfer pricing rules to medium enterprises, introduce new reporting requirements

Comments are due by July 7, 2025.

Share
May 1, 2025

HM Revenue and Customs (HMRC) on April 28, 2025, published a consultation on proposals to:

  • Restrict the exemption from the UK transfer pricing rules for small and medium enterprises (SMEs) to small enterprises only (thus extending the rules to medium enterprises), and make modest changes to the small enterprise definition
  • Introduce new requirements for reporting international controlled transactions for both large and medium multinational enterprises

Comments on the proposals are due by July 7, 2025.

Read a May 2025 report prepared by the KPMG member firm in the UK

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's . Privacy Statement

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline