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First reactions to the updated DPT guidance

On 30 November 2015 HMRC released an updated version of the interim guidance on the diverted profits tax (DPT) previously issued in March 2015. Running to 108 pages 20 pages longer than the interim guidance the new guidance can hardly be described as a refinement but through the reorganisation of parts of the text and the inclusion of some helpful decision tree flowcharts steps have clearly been taken to make the guidance more accessible.
The new guidance is essentially based upon the interim guidance without significant redrafting of the original commentary. Instead additional explanatory text has been added in areas of difficulty identified by taxpayers. Of particular importance the commentary on the examples given in the interim guidance has been improved to correct identified issues; and further examples have been included that address common transaction types...

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