INTM489918 - Diverted Profits Tax: notification, charging and payment: what should be included in the charging notice
The charging notice must include the following:
- the amount of the charge to DPT imposed by the notice
- the basis on which the officer considers that either section 80, section 81 or section 86 applies
- the accounting period of the company to which the notice applies
- an explanation of the basis on which the charge is calculated, including:
- how the taxable diverted profits to which the charge relates have been determined, and
- how the amount of interest (“true up” interest see DPT2410) comprised in the charge has been calculated
- where relevant, details of the relevant alternative provision by reference to which the charge has been determined
- who is liable to pay the tax
- when the tax is due and payable, and
- an explanation of how interest is applied and calculated if the DPT is not paid.
INTM489580 contains guidance on how profits are estimated and a charge is calculated in a charging notice.