SCHEDULES

SCHEDULE 16Recovery of unpaid diverted profits tax due from non-UK resident company

PART 2Recovery of diverted profits tax from related companies

Meaning of “the relevant period”

3

In this Part of this Schedule “the relevant period”, in relation to an amount of unpaid diverted profits tax for an accounting period of the taxpayer company, means the period—

a

beginning 12 months before the start of the accounting period, and

b

ending when the unpaid tax became payable.