14. As part of the MAP procedure, the subject is informed in writing of the decision and receives an explanation of the outcome when an agreement is reached between the CAs concerned. As soon as the subject has accepted the agreement, written confirmation of the agreement is exchanged between the administrations and made available to the subject. The results are processed by the tax authorities and relief is obtained. If the taxpayer does not accept the agreement, the map process will be considered complete and no adjustment is made. The Mutual Agreement Procedure (MAP) (also known as the Competent Authority Procedure (CAP) is an administrative procedure designed to help resolve the difficulties arising from item 21. EUAC, which is also available to EU resident businesses, contains provisions relating to the adjustment of associated corporate profits, transfer prices and the allocation of profits on stable institutions Profit distribution cases, under which the CAs are unable to conclude an agreement that will fully combine double taxation. When an agreement is reached between HMRC and the competent authority of the tax contract partner, the subject is informed in writing of the decision and an explanation of the result is provided. If the result is accepted by the subject, written confirmation of the agreement is exchanged between the tax authorities and forwarded to the subject.

The landfill is then managed in accordance with the agreement. If the subject does not accept the agreement, the MAP procedure is deemed to be completed without adaptation. 24. A pre-price agreement (APA) is a written agreement that defines a method for resolving transfer pricing issues before restitution. In some circumstances, it may be useful to apply the transfer pricing method used in the APA to previous years that may be the subject of discussion or MAP. A reciprocal agreement between the HMRC and the competent authority of the partner concerned in the tax treaty under a tax treaty takes effect, regardless of the national legislation of the United Kingdom which otherwise provides for it. In the revised guidelines, HMRC also recognizes that there may be circumstances in which foreign tax authorities enter into informal agreements with subjects, provided access to POPs is restricted. Hmrc will continue to consider providing facilities in such circumstances, although the likelihood of a total elimination of double taxation is reduced in cases where dialogue between HMRC and foreign tax administration is limited.