The Finance Bill rules on the diverted profits tax (DPT) incorporate changes made in response to the informal consultation on that topic. The tax will still come into force on 1 April 2015, as planned, but with modifications including: clarification that the tax is targeted towards ‘contrived’ arrangements which lack commercial substance; a narrowing of the notification requirement; and clarification on the rules for giving credit for tax paid. See page 6.
The Finance Bill rules on the diverted profits tax (DPT) incorporate changes made in response to the informal consultation on that topic. The tax will still come into force on 1 April 2015, as planned, but with modifications including: clarification that the tax is targeted towards ‘contrived’ arrangements which lack commercial substance; a narrowing of the notification requirement; and clarification on the rules for giving credit for tax paid. See page 6.
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