Chris Morgan (KPMG) reviews recent global tax developments
At the time of writing my last article we were awaiting publication of the UK Finance Bill. Since then the Bill has been published and received royal assent on 26 March. Finance Act 2015 includes the diverted profits tax (DPT) legislation which came into force in the UK from 1 April 2015. The final legislation contains a number of amendments made following technical consultation on the draft that was published on 10 December 2014. HMRC also published updated guidance on 30 March to take account of these amendments.
Although only a few changes were made to the scope of the DPT charge for UK companies the wording is now clearer to understand. The amendments have however changed...
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")