HMRC Deputy Director, Head of Transfer Pricing Maura Parsons has reportedly stated that HMRC will follow guidelines developed as part of Actions 8-10 of the OECD BEPS Project during transfer pricing audits. The statement was made to members of the International Bar Association during a recent conference held in London. Actions 8-10 deal with aligning transfer pricing outcomes with value creation and ensuring that the transfer pricing rules result in outcomes where operational profits are allocated to the economic activities that generate them ({News-2015-10-06/A/2- previous coverage}). According to Deputy Director Parsons, UK tax law, which currently refers to 2010 OECD...