Some changes to the new diverted profits tax draft legislation were outlined in the Budget, delivered on 18 March 2015. The Budget clarified that the effective date for the diverted profits tax will be 1 April 2015. The final version of the legislation will be published on Tuesday 24 March, as the Finance Bill.
The Budget took place on Wednesday 18 March 2015, and the Finance Bill will be published Tuesday, 24 March. With Parliament scheduled to be dissolved on 30 March, the Finance Bill will have less than a week to become law.
Read a March 2015 report prepared by the KPMG member firm in the UK that discusses items expected to be included in the Finance Bill:
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