Policy paper

Changes to the Corporation Tax exit charges

This measure deals with changes to the UK rules concerning exit charges on certain unrealised profits or gains.

Documents

Draft legislation

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Explanatory notes

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Details

The changes in this measure implement the provisions of the Anti-Tax Avoidance Directive (ATAD).

It applies to all taxpayers that are subject to corporate tax in one or more member states of the EU and deals with exit taxes on unrealised capital gains on assets transferred out of the tax jurisdiction.

The directive counters the erosion of tax bases and the cross-border shifting of profits, giving a simple framework for exit charge rules that will be common across the EU.

Published 6 July 2018