INTM489816 - Diverted Profits Tax: application of Diverted Profits Tax: examples and particular situations: Lloyd바카라 사이트™s
The commencement provisions in section 116(4) Finance Act 2015 ensure that Lloyd바카라 사이트™s members are subject to DPT on profits declared in the 2015 calendar year and subsequent periods. DPT only applies to profits referable to periods from 1 April 2015.
The 2013 year of account will include profits from 2013, 2014 and 2015. The DPT provisions do not apply to profits referable to times before 1 April 2015, that is, profits from 2013, 2014 and 1 January 2015 to 31 March 2015. Profits referable from 1 April 2015 are within scope of DPT.
DPT may apply to a year of account prior to 2013 if the year of account is in run off and there are profits referable to times on or after 1 April 2015.
Profits within the scope of DPT of a year of account are allocated to each period on a just and reasonable basis