“Diageo told to pay £107m in extra tax” in UK profits row

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Source: bbc.co.uk 10th May 2017

“Diageo has been ordered to pay £107m by the UK tax authority as part of a long-running investigation into moving profit between its global businesses.

The drinks giant said that under the new Diverted Profits Tax regime, HMRC will ask for more tax and interest for the past two financial years.

Diageo said it would challenge the HMRC’s assessment.

However, the company said it will have to pay £107m then work with HMRC to resolve the issue.”

Source article here

 

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