Workshops for In-House Tax and Legal Teams

Our workshops help multinational groups to revise and update their intercompany agreements for transfer pricing compliance. It’s a cost-effective way to enhance the capabilities of in-house legal teams that have the capacity and resource to manage the work, but not the specialist understanding of this particular area.

We offer a package of four workshops, each lasting about 50 minutes. Together they show you how to create a practical, achievable plan of action for the legal implementation of intercompany agreements; carry it out; and avoid common pitfalls.

We run the workshops as live video calls, led by a senior member of the LCN Legal team. They generally follow the plan set out below, although we can adapt them to suit the needs of a specific project as it evolves.

Workshop 1: Scoping

High-level review of the group’s existing TP policies and identification, and the changes that may be needed from a TP, governance and operational perspective.

High-level review of the key transaction types involved from a legal perspective, the accounting treatment of relevant transactions, and the legal entities affected.

Identify other stakeholders both within and outside the group that need to be consulted.

Identify additional information and documentation needed.

Agree the specific actions which the group’s internal team needs to complete before the next workshop.

Workshop 2: Review of current status

Review of analysis of existing legal structure, the current TP documentation, and any existing intercompany agreements in place.

Detailed review of extent of changes needed, or whether the existing agreements already provide sufficient flexibility (eg in definitions of ‘cost’ or scope of services).

Consideration of the components for an outline transition plan.

Agree the specific actions which the group’s internal team needs to complete before the next workshop.

Workshop 3: Review of proposed revised legal structure / intercompany agreements

Detailed review of revised agreements / amended agreements.

Detailed review of a draft legal documents and actions list for implementation (including briefing notes for the directors of all supplier and recipient entities).

Confirmation of additional input required from other stakeholders.

Agree the specific actions which the group’s internal team needs to complete before the next workshop.

Workshop 4: Pre-implementation review

Review of progress against the transition plan.

Discussion of any issues or blockages which have arisen.

Confirmation of the specific outstanding actions needed to complete the transition, including archiving copies of executed documents and retention of defence files.

Consideration of the processes needed for the ongoing review and maintenance of transfer pricing agreements and related arrangements.

Additional support

We can provide additional support for groups with more complex supply chain, intellectual property ownership or group structures, or for those who want more hands-on assistance for their project.

For example, our Virtual Legal Director Service gives a group dedicated access to one of our senior lawyers. This is typically for the equivalent of one day per week, but it can be for however many hours are appropriate.

For more information on any of these services, email us at info@lcnlegal.com or call us on +44 20 3286 8868.