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.