The UK is implementing Pillar 2 of the OECD's global minimum tax agreement, which introduces a Multinational Top-up Tax (applying to large multinational enterprises with global revenue over €750m) and a Domestic Top-up Tax (applying to large UK-resident companies). HM Revenue & Customs leads implementation through the Multinational Enterprises (Financial Transparency) Bill, with active consultation on draft guidance and further amendments ongoing.
In response to: Further amendments to Multinational Top-up Tax and Domestic Top-up Tax
This tax information and impact note is about updates being made to the Multinational Top-up Tax and Domestic Top-up Tax, which were brought in as part of the UK's implementation of Pillar 2.
In response to: Multinational Top-up Tax and Domestic Top-up Tax further amendments
This measure is about the amendments being made to the Multinational Top-up Tax and Domestic Top-up Tax, which were brought in as part of the UK's implementation of Pillar 2.
In response to: The Multinational Top-up Tax (Pillar 2 territories, qualifying domestic top-up taxes and …
This tax information and impact note describes a Statutory Instrument being laid as part of the UK’s implementation of Pillar 2. This Instrument provides a list of Pillar 2 territories, qualifying domestic top-up taxes, and accredited qualifying domestic top-up taxes.
In response to: Pillar 2: Multinational Top-up Tax and Domestic Top-up Tax amendments
This tax information and impact note is about the amendments being made to the Multinational Top-up Tax and Domestic Top-up Tax, which were brought in as part of the UK's implementation of Pillar 2.
In response to: Pillar 2: adoption of the undertaxed profits rule
In response to: Pillar 2: transitional country-by-country reporting safe harbour anti-arbitrage rule
In response to: Multinational top-up tax and domestic top-up tax amendments
This tax information and impact note describes the amendments being made to the multinational top-up tax and domestic top-up tax, which were brought in as part of the UK's implementation of Pillar 2.
In response to: Multinational top-up tax: adoption of the undertaxed profits rule and other amendments
This measure includes the UK’s adoption of the backstop undertaxed profits rule and other amendments to keep UK legislation consistent with Global Anti-Base Erosion rules.
In response to: Introduction of the new multinational top-up tax and domestic top up tax
In line with the agreement on a two Pillar solution to reform the international tax system, these measures will help to ensure large groups operating within the UK pay a global minimum level of tax.
In response to: Introduction of the new multinational top-up tax
In line with the agreement on a 2 Pillar solution to reform the international tax system, this measure will help to ensure multinational enterprises operating within the UK pay a global minimum level of tax.