Policy paper

Diverted Profits Tax - interaction with Corporation Tax closure notices and amendment to relieving provisions

This measure sets out legislation introduced to ensure Diverted Profits Tax legislation functions as intended and that customers are still able to make use of the relieving provisions set out in Finance At 2015.

• From: HM Revenue & Customs
• Published: 27 October 2021

Documents

Diverted Profits Tax - interaction with Corporation Tax closure notices and amendment to relieving provisions

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Draft legislation

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Explanatory note

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Details

This measure introduces legislation to ensure that customers can still use certain relieving provisions to amend their company tax returns and bring taxable diverted profits into charge to Corporation Tax during the Diverted Profits Tax review period.

This measure also legislates to ensure the interaction of Diverted Profits Tax review periods and the closure of a Corporation Tax enquiry functions as intended.

Published 27 October 2021