Fair trading and transfer pricing
The general principles for transfer pricing between the 蘑菇短视频 and for its commercial subsidiaries and third parties
The 蘑菇短视频 provides goods and services within the 蘑菇短视频 Group in the interests of efficiency and to maximise economies of scale. The 蘑菇短视频鈥檚 approach to internal charging, or 鈥榯ransfer pricing鈥�, is based on the overarching principle that the 蘑菇短视频鈥檚 commercial subsidiaries should receive no unfair advantage as a result of their relationship with the 蘑菇短视频 Public Services. The 蘑菇短视频 also sells some goods and services to third parties outside of the 蘑菇短视频 group where this is permitted a trading activity.
The 蘑菇短视频鈥檚 Group Trading Manual sets out the 蘑菇短视频鈥檚 general principles for transfer pricing with all of its commercial subsidiaries and third parties, alongside further details of the pricing methodologies the 蘑菇短视频 has put in place for different goods and services. This document can be accessed at the link below.
In 2025/26, the Audit and Risk Committee determined that a more robust level of assurance was desirable in respect of Ofcom鈥檚 Trading and Separation compliance arrangements (also known as Fair Trading) and moved from a limited external assurance report to a more in-depth review undertaken by Internal Audit. Their findings can be found at the link below.
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Internal Audit opinion on Fair Trading arrangement 14 July 2026