UK corrects errors in diverted profits tax guidance

The UK on April 20 corrected an errors in its interim guidance on the diverted profits tax. Language was modified in DPT2010 on page 66 concerning the duty to notify and a factual description relating to partnerships was added to the bottom of page 10.

See:

• Interim guidance

Related MNE Tax articles:

• UK releases guidance on diverted profits tax

• UK government releases Finance Bill 2015 including final text of diverted profits tax

• UK to modify proposed diverted profits tax notification rule, exclusion for loans

• UK Treasury official responds to critics of controversial diverted profits tax

• UK diverted profits tax hits MNEs that avoid PE rules, route profits through tax havens

• UK proposes MNE “diverted profits” tax, releases consultation on hybrid mismatches