EMEA Dbriefs: Mandatory overseas permanent establishment exemption 

The government announced that UK-resident companies will be required to exclude profits and losses attributable to foreign permanent establishments (PEs) from their corporation tax computation, effectively making the UK’s existing ‘foreign branch exemption election’ mandatory. Draft legislation has been released for comment. What does this mean for your organisation? We’ll discuss:

• The new UK approach set out in the draft legislation, including: changes to the existing overseas permanent establishment exemption rules; and restricted losses and transitional rules;
• Implementation dates and next steps

Find out more about preparing your organisation for the new mandatory overseas permanent establishment exemption rules.