Revised DPT guidance published
Released 31 December 2018
Various updates and clarifications have been made to HMRC’s online guidance on the diverted profits tax (DPT) regime.
DPT applies to profits arising from 1 April 2015 and is focused on contrived arrangements designed to erode the UK tax base.
HMRC have updated their online guidance on this subject. The December 2018 version, which supersedes the November 2015 publication, reflects changes to the length of the review period, and provides core information about failure to notify penalties.
View the guidance here.