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.
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