On 30 March 2015, the UK HMRC published updated guidance on the new Diverted Profits Tax included in UK Finance Act 2015, which received Royal Assent on 26 March 2015. The new tax applies from 1 April 2015. The guidance includes: An introduction and overview The Application of Diverted Profits Tax Customer engagement with HMRC Notification, assessment & payment Imposing a charge – procedure and governance Notification template guidance The Notification template The main amendments from the original guidance issued in December 2014 include: Narrowing the notification requirement Clarifying rules for giving credit for tax paid Clarifying the meaning of...