UK HMRC has published guidance on How to prepare for the Multinational Top-up Tax and the Domestic Top-up Tax.
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How to prepare for the Multinational Top-up Tax and the Domestic Top-up Tax
1. UK adoption of Organisation for Economic Cooperation and Development (OECD) Pillar 2 model rules
1.1 Background
In October 2021, the UK and over 135 other countries agreed as part of the OECD Inclusive Framework to a two-pillar solution to reform the international corporate tax framework in re…