Details of the Section
2.Subsection (1) applies the section when a charging notice is issued.
3.Subsection (2) requires the payment of diverted profits tax within 30 days after the day the charging notice is issued.
4.Subsection (3) makes the company to which the notice is issued liable for payment of the tax (but see also Schedule 1).
5.Subsection (4) prevents postponement of payment of the tax on any grounds. The subsection makes clear that this means the tax is due and payable regardless of whether it is subject to review under section 101, or subject to an appeal in respect of the notice.
6.Subsection (5) introduces Schedule 16, which has two Parts.