On 30 March 2015, the UK HMRC published updated guidance on the new Diverted Profits Tax included in UK Finance Act 2015, which received Royal Assent on 26 March 2015. The new tax applies from 1 April 2015. The guidance includes:
- An introduction and overview
- The Application of Diverted Profits Tax
- Customer engagement with HMRC
- Notification, assessment & payment
- Imposing a charge – procedure and governance
- Notification template guidance
- The Notification template
The main amendment…