EMEA Dbriefs - Achieving practical transfer pricing certainty through ICAP: Insights and discussion with HMRC

In an environment where tax authorities worldwide are placing increasing emphasis on transparency and real-time engagement, the International Compliance Assurance Programme (ICAP) offers a proactive route to achieving practical certainty on cross-border activities with multiple tax authorities simultaneously. But is ICAP the right tool foryour organisation compared to other available mechanisms?

Our panel will explore the practicalities, benefits, and limitations of ICAP, providing a forum to debate how it stacks up against other approaches to gaining comfort or certainty and cooperative compliance frameworks in relation to cross-border activities, including on transfer pricing matters. With senior HMRC leaders who lead on ICAP joining the discussion, participants will gain a unique window into the HMRC’s perspective, current priorities, and learnings from past ICAP cases. We’ll discuss:

• How ICAP operates in practice and where it fits within the tax certainty landscape
• The pros and cons of ICAP compared with APAs and other tools for managing transfer pricing and other international tax risks 
• Key considerations for deciding whether ICAP is right for your business

Join us to gain valuable perspectives on navigating multilateral tax certainty – and make informed decisions on the right path for your business.