OrbitaxHMRC Updates Diverted Profits Tax Guidance on DPT Notification and Risk Assessment
|Approved Changes|United Kingdom
On 30 November 2015, UK HMRC published updated guidance on the Diverted Profits Tax (DPT). The 25% DPT was introduced in the UK Finance Act 2015, which received Royal Assent on 26 March 2015, and applies for profits arising from 1 April 2015 ({News-2015-03-25/A/2- previous coverage}). The DPT is levied on profits derived from the UK by large groups that either:
- Seek to avoid creating a UK perm…
