Diverted profits tax: the next step down the road | Practical Law
A fuller picture of the new diverted profits tax has started to emerge after HM Revenue & Customs published revised legislation and then issued revised guidance on 30 March 2015. While DPT has been cast as a new tax in order to minimise the risk that it is challenged as incompatible with double tax treaties and EU law, in reality, it is a modification to the corporation tax system.