In yesterday UK Budget announcement a New Tax was introduced called the "Diverted Profit Tax" It will be 25 percent as opposed to the existing corporation tax of 20 percent. It is an attempt to stop large multi-nationals like Google, Amazon and Apple diverting profits from the UK to Ireland and other similar locations. This has long been a problem and previously discussed on here. Many have said that these companies are only taking advantage of the existing tax system. While this is true the Government has now announced changes to stop it. The choice will be to declare your profits where they originate and pay 20 percent or divert them to ireland and be liable for 25 percent.