How to use Advance Pricing Agreements to resolve transfer pricing issues in oil and gas operations.
What an Advance Pricing Agreement is
An Advance Pricing Agreement is a written agreement between a business and HMRC which determines a method for resolving transfer pricing issues before a return is made.
When the terms of the agreement are complied with, the agreement gives assurance to the business that the treatment of the transfer pricing issues will be accepted by HMRC for the period covered by the agreement.
You can find detailed guidance about Advance Pricing Agreements in the HMRC International Manual.
Where you apply to
You contact HMRC to find out more about Advance Pricing Agreements and how to submit an application by emailing: APA.mailbox@hmrc.gov.uk or writing to:
APA Lead — HMRC
Business Assets and International — Transfer Pricing Team
S1727 Stratford Reginal Centre, Floor 8
Central Mail Unit
Newcastle
NE98 1ZZ