Mario Petriccione and Nick Gurteen (KPMG) consider the impact of DPT for multinationals operating in today’s global business environment and the need to comply with the increasing tax administrative burden.
It has now been over two years since diverted profits tax (DPT) was introduced into the UK tax code. It was hailed by the UK government as a mechanism for countering perceived large scale tax avoidance by multinationals. In this article we consider the impact of DPT for multinationals balancing the challenges of operating in today’s global business environment with the need to comply with the rapidly increasing tax administrative burden.
A reminder of the DPT legislation
As a relatively recent addition to the UK tax code we first provide a brief recap of the legislation and HMRC guidance.
DPT has been in force since 1 April 2015. It is intended to target companies (both UK...
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Mario Petriccione and Nick Gurteen (KPMG) consider the impact of DPT for multinationals operating in today’s global business environment and the need to comply with the increasing tax administrative burden.
It has now been over two years since diverted profits tax (DPT) was introduced into the UK tax code. It was hailed by the UK government as a mechanism for countering perceived large scale tax avoidance by multinationals. In this article we consider the impact of DPT for multinationals balancing the challenges of operating in today’s global business environment with the need to comply with the rapidly increasing tax administrative burden.
A reminder of the DPT legislation
As a relatively recent addition to the UK tax code we first provide a brief recap of the legislation and HMRC guidance.
DPT has been in force since 1 April 2015. It is intended to target companies (both UK...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
