UK HMRC has published the outcome of the public consultation held on draft regulations to amend legislation introduced as part of the Finance Act 2019 for the taxation of Offshore Receipts in respect of Intangible Property (ORIP). The legislation applies from 6 April 2019 and provides for the taxation of income from intangible property held in low-tax jurisdictions to the extent that the intangible property is used to support the sale of goods or services in the UK.
---
Detail of outcome
…