Introduction Details of the Section
2.Subsection (1) prevents diverted profits tax from giving rise to a deduction or other relief when calculating income, profits, or losses for any tax purposes. It also prevents account being taken of any amount paid (directly or indirectly) by a person for the purposes of meeting, or reimbursing the cost of diverted profits tax.
3.Subsection (2) prevents any amount paid as mentioned in subsection (1)(b) from being treated as a distribution within the meaning of the Corporation Tax Act 2010.