Changes to the UK’s transfer pricing, permanent establishment and diverted profits tax rules proposed

Key points

• The UK government has published a consultation on simplifying and updating the legislation in relation to diverted profits tax, transfer pricing and permanent establishments
• A key theme of the consultation is to achieve a closer alignment of the UK legislation with OECD terminology
• A number of the proposals appear positive and the government's overarching objectives of clarity and consistency with international standards are sensible
• Stakeholders should review the proposals in detail and provide carefully considered responses

Read the full Taxation article