UK companies on edge after HMRC wins large settlement
June 10, 2009
Following the conclusion of HM Revenue and Customs first major successful transfer pricing dispute, UK taxpayers are being warned that the authorities are thirsty for more.
Concerns have been raised in the UK tax community after DSG Retail, an electrical goods retailer, paid a £52.7 million ($87.1 million) settlement sum to Her Majesty's Revenue and Customs (HMRC). The dispute revolved around the insurance of customer extended warranties and whether the business facilities provided were set at an arm’s length price.
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.