Have you read the bulletin that Deloitte has issued on Diverted Profits Tax in conjunction with work by GIIA? The paper argues that the tax is not the death knell for the Guernsey captive industry.
In fact, examining the exemptions and looking at the real world reasons for the use of Guernsey captives clears away some of the fog surrounding this issue.
Although it is still early days the paper also suggests the likely calculation of DPT if it does arise.
News on early engagements with HMRC for sharing with GIIA membership only will be circulated promptly.
Click here to view Deloitte bulletin GIIA Guernsey Captives 21 Sep 15