This paragraph describes how taxable diverted profits arising in connection with the involvement of entities or transactions lacking economic substance (by virtue of FA 2015, s. 80 and 81) are calculated for an accounting period (FA 2015, s. 88(1) and (2)). It also considers the additional rules which apply where the taxable diverted profits are to be estimated for the purposes of issuing a preliminary notice (¶777-580) or a charging notice (¶777-640).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.