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HMRC briefing on taxing multinationals

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HMRC’s latest issue briefing, Taxing profits of companies not resident in the UK, outlines the current rules on when foreign companies operating in the UK must pay UK corporation tax. It explains permanent establishments and what constitutes economic activity, including the vexed issue of trading on the internet. It also looks at the work of the OECD/G20 BEPS project in updating international tax rules for the way multinationals now operate. See

Two earlier issue briefings, concerning the transfer pricing rules and tackling aggressive tax planning, have been updated to take account of developments in BEPS and international cooperation in the form of information exchange agreements, country-by-country reporting and the diverted profits tax. 

Issue: 1299
Categories: News