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This article takes a closer look at the recent HMRC transfer pricing and diverted profits tax (DPT) statistics for 2017/18 and what they mean.  

Overall, tackling transfer pricing remains a priority area for HMRC, with the 2017/18 TP yield high at £1.7b (in line with the previous year) and an increasing number of HMRC staff dealing with TP issues.

The key takeaways from the recent statistics are:

  1. Transfer pricing yield remains high
  2. DPT is bringing in tax revenues
  3. HMRC settles TP enquiries faster
  4. HMRC is focused on MAP, limiting resources to deal with APAs