Commentary

D2.701 Background to diverted profits tax

Corporate tax
Corporate tax | Commentary

D2.701 Background to diverted profits tax

Corporate tax | Commentary

Division D2.7     Diverted profits tax

Division D2.7 prepared by RUTH NEWMAN, LLB (Hons), MA, CTA

For updates affecting this Division please see Part D0 Updates

Diverted profits tax—overview

D2.701 Background to diverted profits tax

The diverted profits tax was introduced by Finance Act 20151 with the stated objective of the tax being to counteract contrived arrangements used by large groups (typically multinational enterprises) that result in the erosion of the UK tax base. Although the UK is fully committed to the cross border BEPS process, this tax was actually introduced while the ongoing BEPS process was being undertaken and in many cases

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