The BBC's core purpose is public service broadcasting. However, since the launch of Radio Times in 1923 it has also engaged in commercial activities.
The BBC provides goods and services within the BBC Group in the interests of efficiency and to maximise economies of scale. The BBC’s approach to internal charging, or ‘transfer pricing’, is based on the overarching principle that the BBC’s commercial subsidiaries should receive no unfair advantage as a result of their relationship with the BBC Public Services.
The BBC’s general principles for transfer pricing for all of its commercial subsidiaries and third parties are set out in our Principles for transfer pricing. Further details of the arrangements the BBC has put in place for its commercial subsidiaries can be accessed through the links below.