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Tightened Documentation Deadlines & New Penalties

January 1, 2025
Tightened Documentation Deadlines & New Penalties

Tightened Documentation Deadlines & New Penalties

Documentation must be ready by the tax return filing deadline (12 months after period end). Penalties now apply for non-compliance or for lacking required documentation, regardless of correctness of transfer pricing position.

Source:

HMRC Manual: INTM450000

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