UK companies increased profit shifting during the COVID-19 pandemic

Leanna Reeves

May 05 2022

Amount of profit shift carried out by UK companies increased last year

The UK revenue service HMRC has seen its diverted profits tax (DPT) revenue increase during the COVID-19 pandemic due to an increase in profit shifting.

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Leanna Reeves

Senior Reporter ITR

Leanna covers transfer pricing developments and court rulings. She writes about jurisdictions' alignment with OECD standards, profit shifting via TP arrangements, and other topics including tax reforms across the world. Leanna also reports on anti-money laundering legislation and the BEPS project.

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