Taxand UK Diverted Profits Tax workshop

24 Apr 2015

Taxand UK hosted a workshop to explore the new diverted profits tax.  This measure was announced in the Autumn statement with some new post-consultation draft clauses published on 20 March 2015 and a final draft published in the Finance Bill on 24 March 2015.  

The new tax applies to profits diverted after 1 April 2015, and whilst aimed in particular at non-UK technology groups operating in the UK, it’s wide reach will mean a lot of UK based groups will need to satisfy themselves that they are not inadvertently caught.

The workshop covered the following areas:

  • brief overview of the diverted profits tax, the structures it was aimed at and an update on what has changed since it was first announced;
  • circumstances which might be caught beyond the original target;
  • the interaction with the  transfer pricing and CFC rules; and
  • how a group might satisfy itself that it does not need to notify and other practical implications

Event details

Friday, 24th April 2015
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09:30 - 12:00 BST
UK
Address
1 Finsbury Circus
EC2M 7EB London
United Kingdom