Introduction Details of the Schedule Part 1 Paragraph 1
8.This paragraph ensures that Chapter 6 of Part 22 of Corporation Tax Act 2010 has effect in relation to diverted profits tax and interest on diverted profits tax.
9.Subparagraph (2) introduces subparagraphs 3 to 5, which modify the application of Chapter 6 of Part 22 of Corporation Tax Act 2010 in relation to diverted profits tax.
10.Subparagraph (3) applies Chapter 6 of Part 22 “the avoided PE” (within the meaning of section 86), as it would apply to a permanent establishment in the United Kingdom through which the company carries on a trade.
11.Subparagraph (4) allows for references to “chargeable profits of the company attributable to that establishment”, within section 969(3) of the chapter, to be read as references to “taxable diverted profits arising to the company…” for the purposes of the application of the chapter to diverted profits tax.
12.Subparagraph (5) provides that references to the giving or service of a notice in section 971 of the Corporation Tax Act 2010 include a reference to the giving of a notice.