Transfer Pricing: International Controlled Transactions Schedule

This technical consultation sets out the details of a draft International Controlled Transactions Schedule (ICTS) reporting requirement. The ICTS will facilitate automated, data-led risk assessment by HMRC, permitting more accurate identification of transfer pricing risk, improving fairness and increasing efficiency.

The government is seeking views on draft regulations, a draft HMRC notice and a draft template illustrating the information that would need to be filed annually.