United Utilities compliance with Ofwat transfer pricing rules

Undertaking (2 pages, PDF) given by United Utilities Water to Ofwat to modify or terminate its arrangements with associate sub-contractors (including Thus and Vertex) so as to be able to report accounting data for the regulated water business in compliance with Ofwat's transfer pricing rules (RAG5). The undertaking and Ofwat's press notice hint at a possible fine for past non-compliance.

For further information or advice please contact Franck Latrémolière.

Filed under Ofwat, Water.

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