Guidance on avoidance schemes involving the transfer of corporate profits

These technical notes explains the operation of s1305A, including examples of how the legislation will apply.



This measure, announced at Budget 2014, applies when companies in a group enter into arrangements, and the arrangements result in what is, in substance, a payment (directly or indirectly) from one company to another company of all or a significant part of the profits.

Published 19 March 2014