On 24 March 2015, Finance Bill 2015 was introduced into the UK Parliament. The Bill includes changes announced in Budget 2014, Autumn Statement 2014 and Budget 2015. One of the key measures of the Bill is the legislation for the introduction of the new Diverted Profits Tax (DPT), including further details of its application. Profits will be deemed to be diverted and subject to the 25% DPT from 1 April 2015 when: A foreign company has artificially avoided having a permanent establishment in the UK, or A UK or foreign company uses entities or transactions that lack economic substance in...