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Global Media and Communications Watch The International Legal Blog for the Tech, Media and Telecoms Industry

Tag Archives: Profits Diversion Compliance Facility

Posted in e-commerce, Internet, Policy & Regulation, Technology

UK Tax Authority tightens the screws on tech companies

When is an amnesty not an amnesty? When the carrot is the (possible) absence of stick.

HMRC announced today the introduction of their new Profits Diversion Compliance Facility (PDCF). This is a way for multinationals to take the initiative and explain their legal and operational structures before HMRC launch their next wave of full-scale “transfer pricing” investigations into corporates. The … Continue Reading