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

Add your voice to the ‘TP superheroes’ who want to make it 10x easier for multinational groups to get the intercompany agreements they need

Here are some of the comments from one of the ‘transfer pricing superheroes’ who has already participated in a free trial free trial of our new ‘fast track’ online tool, which helps multinational groups to get the intercompany agreements they need for their TP compliance: “I like the questionnaire a lot. [The draft intercompany agreement] …
Paul Sutton

What’s the deal with ‘entrepreneurial services’?

Value chain analysis and economic theory are undoubtedly powerful tools when designing a transfer pricing policy. But sometimes these perspectives can result in a confused description of what the controlled transactions within a group actually are. The consequences can include very strange looking titles for intercompany agreements – such as ‘entrepreneurial …
Paul Sutton

LCN Legal In The News: Accountancy Age

We are delighted to have an article published in Accountancy Age Accountancy Age’s content focuses on the key issues across core topics, including tax, technology, regulation, business and the economy, producing the insight needed to drive forward businesses and enable accountants to become key strategic advisers to their clients. The article, …
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, …