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Permanent Establishment

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Many non-EU companies seeking to expand into Europe will start with a presence in the UK due to language and cultural connections, the UK’s legal framework and access to capital markets.

What are the potential UK tax implications from such a presence? Read the rest of this entry »

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Diverted Profits Tax

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The UK Government announced in its 2014 Autumn Statement that it was introducing a new tax, the Diverted Profits Tax (DPT).

DPT is aimed at multinational enterprises (MNEs) that use contrived arrangements to bypass UK rules on Permanent Establishment (PE) and Transfer Pricing (TP) and so divert profits from the UK. Read the rest of this entry »