This transfer pricing introduction course deals with the aspects of VAT which are particularly relevant to small and medium sized businesses.
It begins by looking at registration in the context of small business. This leads on to the question of when registration can be avoided by business splitting, and some recent cases on this are considered. Next, the advantages of the flat rate scheme for small business are dealt with, moving on to an overview of the cash accounting and annual accounting schemes.
The retail schemes are then dealt with, concentrating on those which are applicable to small business. Finally, the procedure for correcting errors is covered, together with the impact of the penalty regime.
On completion of this online course, you will gain an understanding of:
- The regulatory framework for transfer pricing
- the key components of the OECD approach to transfer pricing analysis
- an overview of the methods of economic analysis
- an introduction to transfer pricing documentation and country by country reporting.