Big tech isn't the only sector to feel the diverted profits tax pain

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. Has the diverted profits tax achieved what it was designed to do?

  2. What rate is the so-called Google tax?

  3. Why did the diverted profits tax get its nickname Google tax?

  4. Has the tax, introduced in 2015, been effectively in increasing corporation tax?

  5. Why did DPT charging notices rise in the second year of the tax?

  6. What, according to ACCA, are some companies doing to avoid being hit by this tax?

  7. What positive side-effect has emerged for HMRC of the new tax?

  8. What does Diageo potentially face before the end of the year?

  9. What do companies have to do if they fall into DPT rules?

  10. When does a company have to pay once they receive a charging notice?