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UK HMRC Launches Profit Diversion Compliance Facility

|Approved Changes|United Kingdom
United Kingdom

On 10 January 2019, UK HMRC published information on the new Profit Diversion Compliance Facility, which may be used to make disclosures of outstanding liabilities for profit diversion in relation to the Diverted Profit Tax (DPT). The new facility is designed to encourage MNEs to review both the design and implementation of their transfer pricing policies, change them if appropriate, and use th…

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