Translation service to curb tax fines

by Rachael Singh

More from this author

09 Nov 2009

  • Comments

Thompson Reuters the information company and British translation specialist RWS Group have joined forces to launch a tax documents translation service, designed to help companies avoid hefty fines from misunderstandings.

It has been designed to help multinational companies avoid incorrect tax payments to goods sold between two legal jurisdictions, known as transfer pricing the Daily Telegraph reported.

Companies that use the new service will be able to translate tax documents into local languages when needed to ensure transfer pricing errors do not creep into the paperwork.

DSG, the parent company of PC World, was earlier this year fined £52.7m by HM Revenue & Customs over transfer pricing discrepancies.

Further reading:

E&Y sees more aggression on transfer pricing

Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.