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.
Phillip Gershuny, senior tax partner at Hogan Lovells, outlines how a European exit could affect UK taxes
London accountancy firm Blick Rothenberg warns of potential damages VAT changes could cause UK businesses
Two PwC whistleblowers and journalist to stand trial over alleged leaking of corporate tax documents
Governmental pressure to crack down on tax evasion is resulting in HMRC applying its criminal investigation policy in an inconsistent manner, writes Kingsley Napley's David Sleight