Paragraph 5
23.This paragraph governs the serving of notices on related companies for the recovery of diverted profits tax.
24.Subparagraph (1) allows a notice to be served on a related company, requiring the payment of diverted profits tax (or in a consortium case the proportion of that tax provided for by paragraph 7) within 30 days of the service of the notice.
25.Subparagraph (2) stipulates what information must be included in the notice.
26.Subparagraph (3) gives effect to the notice as if it were a charging notice and as if the amount recoverable under the notice were diverted profits tax charged on the company on which the notice is served.
27.Subparagraph (4) defines “consortium case” for the purposes of Part 2 of the Schedule.
