Which UK Services can Dixcart Provide?
Posted: Wed Feb 19, 2025 6:39 am
An election can be made to exempt from CFC taxation 75% of the interest received from lending to direct or indirect non-UK subsidiaries of the UK parent.
Introduction of a New UK Tax – Directed Towards Large Multinational Companies
On April 2015 the UK introduced a new Diverted Profits Tax (DPT) which has also been called the “Google Tax.” It is aimed at countering aggressive tax avoidance by multinational companies, which historically has eroded the UK tax base.
Where applicable, DPT is charged at 25% (compared to the corporation tax oman mobile database rate of 20%) on all profits diverted from the UK. It is important to note that this is a new tax and is entirely separate from corporation tax or income tax and, as such, losses cannot be set against the DPT.
The UK continues to be regarded as a leading holding company jurisdiction. Due to the number of tax benefits that are legitimately available, its access to capital markets, its robust corporate law and governance frame works.
The recently introduced Diverted Profits Tax is directed towards a specific and limited group of large multinational organisations.
Dixcart can provide a comprehensive range of services relating to the formation and management of UK companies. These include:
Formation of holding companies
Registered office facilities
Tax compliance services
Accountancy services
Director services
Dealing with all aspects of acquisitions and disposals
Contact
If you would like further information on this subject, please contact Laurence Binge or Paul Webb: [email protected], or your usual Dixcart contact.
Introduction of a New UK Tax – Directed Towards Large Multinational Companies
On April 2015 the UK introduced a new Diverted Profits Tax (DPT) which has also been called the “Google Tax.” It is aimed at countering aggressive tax avoidance by multinational companies, which historically has eroded the UK tax base.
Where applicable, DPT is charged at 25% (compared to the corporation tax oman mobile database rate of 20%) on all profits diverted from the UK. It is important to note that this is a new tax and is entirely separate from corporation tax or income tax and, as such, losses cannot be set against the DPT.
The UK continues to be regarded as a leading holding company jurisdiction. Due to the number of tax benefits that are legitimately available, its access to capital markets, its robust corporate law and governance frame works.
The recently introduced Diverted Profits Tax is directed towards a specific and limited group of large multinational organisations.
Dixcart can provide a comprehensive range of services relating to the formation and management of UK companies. These include:
Formation of holding companies
Registered office facilities
Tax compliance services
Accountancy services
Director services
Dealing with all aspects of acquisitions and disposals
Contact
If you would like further information on this subject, please contact Laurence Binge or Paul Webb: [email protected], or your usual Dixcart contact.