HM Revenue & Customs is implementing the OECD's Pillar 2 global minimum tax framework, which introduces a multinational top-up tax and domestic top-up tax on large corporations earning below a 15% effective tax rate. Implementation includes adoption of the undertaxed profits rule and transitional country-by-country reporting requirements, with coordination across OECD jurisdictions.
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.
This tax information and impact note describes the UK’s adoption of the undertaxed profits rule.
This measure introduces the draft legislation for the transitional country-by-country reporting safe harbour anti-arbitrage rule.
This Tax Information and Impact Note is about the Digital Services Tax that will be introduced from 1 April 2020.
This measure introduces a new Digital Services Tax from April 2020.
This measure introduces a new statutory requirement for UK headed Multinational enterprises (MNEs), or UK sub groups of MNEs, to make an annual country-by-country report to HM Revenue and Customs (HMRC).