Expert Resources

Take advantage of our free expert resources, written by the experts at LCN Legal, based on their practical experience of working with multinational groups and their advisers across the globe. If you are interested in these areas, you may wish to bookmark this page to check back regularly for new information.

Paul Sutton

LCN Legal Press Release: Tenfold increase in fines from transfer pricing enquiries in two years

HMRC placing greater emphasis on transfer pricing compliance Profit Diversion Compliance Facility launched in January to encourage multinationals to settle their tax affairs The amount in fines imposed by HM Revenue & Customs (HMRC) on multinational businesses in relation to transfer pricing irregularities has jumped tenfold over the last two years, …
Paul Sutton

Schrödinger’s cat and intercompany agreements

Erwin Schrödinger was Nobel Prize-winning Austrian physicist. You’ve probably heard of him. He created a thought experiment in 1935 to point out the contradiction between what quantum theorists held to be true at the atomic and subatomic level, and what the average person observes to be true on the macroscopic level. The experiment went something …
Paul Sutton

HMRC’s Profit Diversion Compliance Facility – Private Discussion Group with Mark Carnduff

Following HMRC’s announcement of the Profit Diversion Compliance Facility (PDCF), a number of multinational groups have received so-called ‘nudge’ letters from HMRC, encouraging them to consider registering for the facility. Still more groups have made unprompted disclosure, or are in the process of preparing to make disclosure. On 27 June 2019, …
Xiaofang Sutton

The five women who inspire me the most

Happy International Women’s Day everyone! Wherever you are, whoever you are (daughter, mother, sister, mother of daughters and father of daughters etc), today is not only a day to celebrate women and girls worldwide, it is a day to celebrate equality, fairness and humanity. We’ve been on the planet for a long time and women have only recently been …
Xiaofang Sutton

What Jim Rohn would say to a Mum Entrepreneur?

My husband and I have this habit of asking the question of what a famous successful public figure would say or do if he/she was in our situation. Last week, I was having one of those days where I was trying to finish work on time and get to the bottom of that never ending to do list, but I didn’t. Everything after that was just a blur for me; I rushed …
Paul Sutton

China APA stats

Just in case you’re interested in these things: last month, China’s State Administration of Taxation (“SAT”) published its annual report on Advance Pricing Arrangements (APAs). The report covers the period from 2005 to 2017. According to the report, China’s APA programme still deals primarily deals with inbound MNE applicants. Here are the …