Law firm for transfer pricing
A transfer pricing review covers the procedures for setting prices between related parties, the documentation and the reporting duties, and identifies any gaps. Below we set out what such a matter requires of counsel and who leads this area at HWW.
What this matter requires of counsel
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Starts from the procedures rather than from the documentation alone
The adviser compares the procedures a group has adopted with how the business actually prices its dealings, and only then assesses whether the documentation is complete and sound.
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Covers reporting duties as well as documentation
A review should also confirm how the transfer pricing reporting duties have in fact been discharged.
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Assesses the documentation for completeness and substance
The scope, the form and the substantive accuracy of what has been prepared all come under review. The assessment should point to specific gaps and to the way of closing them.
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Ends with remedial recommendations
Identifying a gap is useful only if the report also explains how it should be remedied. The report should set out concrete steps that put the procedures and the documentation in order.
Further described matters are listed under our track record.
What we have written on this topic
We confirm the scope and the fee before starting work. A paid consultation is not required.