UK’s Finance Bill 2011 clarifies use of new OECD guidelines
December 10, 2010
Sophie Ashley - TPW
Draft clauses for Finance Bill 2011 in the UK refer to the updated OECD guidelines of July 2010 and make clear that, for accounting periods beginning on or after April 1 2011, this version is the one for business to refer to.
The Treasury says the new guidelines will provide greater certainty for businesses subject to transfer pricing rules.
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