INTM489946 - Diverted Profits Tax: notification, charging and payment: no deduction for Diverted Profits Tax against profits or income

DPT is a separate tax from income or corporation tax. Any payment of DPT is ignored in its entirety for the purpose of calculating income, profits or losses. Therefore:

• no deduction or relief is allowed in respect of DPT paid by the company;
• no amounts paid (directly or indirectly) by anyone in order to meet or to reimburse the cost of DPT are to be taken into account. Any such amounts are not to be treated as a distribution for the purposes of corporation tax.