Transfer Pricing Companies. The goals of the benchmarking study in transfer pricing are. A transfer price is the price charged in a transaction between two parties.
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Transfer pricing is an accounting and taxation practice that sets the price that will be charged internally from another division subsidiary or holding company for goods and services.
Hmrcs view is that transfer pricing documentation should usually include a background to the company a group structure an outline of the key intercompany transactions under analysis an analysis of the key functions assets and risks of the company an industry analysis and an economic analysis including supporting evidence such as comparables if required. Transfer pricing refers to the prices of goods and services that are exchanged between companies under common control. We recommend groups regularly refresh their tp documentation in order to ensure that the facts remain current and therefore the transfer pricing policies are appropriate and also to avoid a process of retrospective documentation in the event of hmrc enquiring into. Your company is a subsidiary of a multinational.