UK ‘Google tax’ may be real cause for concern for Irish companies’
In summary, this new UK tax (DPT) seeks to impose a charge of 25% on profits diverted from the UK relating to UK activity. The impact for Irish companies is that every interaction with the UK will need to be considered to determine whether DPT is an issue and there is likely to be greater transparency required in relation to transfer pricing policies, the international value chain and substance outside the UK. While ultimately a DPT charge may not arise, this increased scrutiny may identify other issues within the structure which need to be addressed!
To read Sandra’s article in full, it is now available to download below.