HMRC’s revised DPT guidance is an improvement on the interim version and more clearly delineates the scope of the tax, writes Ben Jones (Eversheds).
On 30 November 2015 HMRC released an updated version of the interim guidance on the diverted profits tax (DPT) previously issued in March 2015. Running to 108 pages 20 pages longer than the interim guidance the new guidance can hardly be described as a refinement but through the reorganisation of parts of the text and the inclusion of some helpful decision tree flowcharts steps have clearly been taken to make the guidance more accessible.
The new guidance is essentially based upon the interim guidance without significant redrafting of the original commentary. Instead additional explanatory text has been added in areas of difficulty identified by taxpayers. Of particular importance the commentary on the...
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Home >Articles > First reactions to the updated DPT guidance
First reactions to the updated DPT guidance
HMRC’s revised DPT guidance is an improvement on the interim version and more clearly delineates the scope of the tax, writes Ben Jones (Eversheds).
On 30 November 2015 HMRC released an updated version of the interim guidance on the diverted profits tax (DPT) previously issued in March 2015. Running to 108 pages 20 pages longer than the interim guidance the new guidance can hardly be described as a refinement but through the reorganisation of parts of the text and the inclusion of some helpful decision tree flowcharts steps have clearly been taken to make the guidance more accessible.
The new guidance is essentially based upon the interim guidance without significant redrafting of the original commentary. Instead additional explanatory text has been added in areas of difficulty identified by taxpayers. Of particular importance the commentary on the...
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:
