The government has announced that the rate of diverted profits tax will increase from April 2023. The following is an extract from the HM Treasury document CP751, entitled Autumn Statement 2022 (para. 5.28):
“From April 2023, the rate of Diverted Profits Tax will increase from 25% to 31%, in order to retain a 6 percentage points differential above the main rate of Corporation Tax, and therefore ensure that it remains an effective deterrent against diverting profits out of the UK.”