Do Taxable Persons need to consider whether intra-group loan arrangements are at arm’s length?
Businesses will be required to maintain information regarding their transactions with Related Parties and Connected Persons, and certain businesses will be required to submit this information along with their Tax Return. Businesses that claim Small Business Relief will not have to comply with the transfer pricing documentation rules.
Certain businesses may be requested to maintain a master file and a local file please refer to question [249] [who should maintain a master and a local file].
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