UK HMRC has launched a public consultation on the Transfer Pricing Records Regulations 2023, which introduces master file and local file requirements from 1 April 2023 for corporation tax purposes. The consultation closes at 11:45 pm on 31 January 2023. --- Draft regulations: The Transfer Pricing Records Regulations 2023 Consultation description The draft statutory instrument requires Multinational Enterprises (MNEs) with turnover of €750m or more, operating in the UK, to keep and preserve a master file and local file in accordance with the OECD Transfer Pricing Guidelines. The regulations have effect: for Corporation Tax purposes, in relation to accounting periods...