Parts of the OECD BEPS Guidelines resemble an IP Management Handbook I suggest.įor all multinational groups, the changed tax environment creates the need to review their strategy for the creation, protection and exploitation of intangibles. It should be noted that the OECD BEPS Guidelines which form the basis for these new HMRC tax rules are very much focused on intangible assets and the proper management of such assets. What has this got to go with intellectual property you may ask. WIth mask shapes in AE, as you already know, you can feather and keyframe your mask’s. The latter creates AE mask shapes while the former uses the Mocha Shape plugin. 2) Export Shape Data from Mocha followed by selecting Paste Mocha Mask from the Edit Menu. a penalty for failure to keep or produce documentation and a tax-geared penalty for a careless or deliberate error. 1) Export Shape Data within Mocha followed by a paste (CTRL+V) on a layer in AE. Two main types of penalties in relation to transfer pricing documentation may apply. For example, if a UK company has an overseas parent and that parent holds the transfer pricing related documentation, these documents can still be requested by HMRC. It would be prudent for such businesses to prepare a transfer pricing report that follows the Local File template.Ĭhanges to HMRC information powers will also come into force tomorrow. Mid sized businesses should also maintain transfer pricing records.
As of tomorrow (1st of April 2023) the largest businesses with a presence in the UK are required to maintain, and produce upon request, Master File and Local File documentation per the standardized OECD BEPS approach.
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