New TP documentation rules from HMRC could increase the compliance burden, especially for SMEs

Our partner Ivan Hanna recently spoke to the International Tax Review for an article about new TP compliance rules that HMRC is planning. These could have implications for many businesses, particularly smaller ones that were previously exempt. As Ivan points out, the 30-day deadline to produce a master and local file on request means that businesses will have to prepare in advance.

Read the full article here.