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Diverted profits tax: what happens next?

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5 August 2015
Card image Dominic Robertson
Card image Steve Edge
Steve Edge and Dominic Robertson (Slaughter and May) report that HMRC is building up its diverted profits capability. Taxpayers need to take stock of the practical impact of DPT – and distinguish the facts from some of the scare stories surrounding the tax.
 
The diverted profits tax (DPT) has been the source of much controversy. Many fears have been expressed but not all of them have been well informed or accurate. 
 
The legislation felt as if it had been hastily prepared when it first emerged. Improvements were made following initial consultations but some broad brush features in the wording are still a source of concern. 
 
The guidance has been very

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