The ÃÛÑ¿´«Ã½ provides goods and services within the ÃÛÑ¿´«Ã½ Group in the interests of efficiency and to maximise economies of scale. The ÃÛÑ¿´«Ã½’s approach to internal charging, or ‘transfer pricing’, is based on the overarching principle that the ÃÛÑ¿´«Ã½’s commercial subsidiaries should receive no unfair advantage as a result of their relationship with the ÃÛÑ¿´«Ã½ Public Services. The ÃÛÑ¿´«Ã½ also sells some goods and services to third parties outside of the ÃÛÑ¿´«Ã½ group where this is permitted a trading activity.
The ÃÛÑ¿´«Ã½’s Group Trading Manual sets out the ÃÛÑ¿´«Ã½’s general principles for transfer pricing with all of its commercial subsidiaries and third parties, alongside further details of the pricing methodologies the ÃÛÑ¿´«Ã½ has put in place for different goods and services. This document can be accessed at the link below.