GNT 33: Diverted Profits Tax

The Diverted Profits Tax (“DPT”) came into force on 1 April 2015 to deter ‘contrived’ arrangements used by multinationals that divert profits from the UK and result in erosion of the UK tax base.

It is charged at a rate of 25% on a company’s profits deemed to have been diverted from the UK. This Guidance Note sets out the key implications.

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