UK publishes legislation for multinational top-up tax and domestic top-up tax

The UK has published legislation to implement the OECD GloBE Pillar Two rules in the UK. The legislation is expected to be enacted in summer 2023.
The legislation builds on draft legislation already published but adds a number of key developments.

Executive summary

The UK’s Finance (No.2) Bill 2023, published on 23 March 2023, includes the legislation to implement the Organisation for Economic Co-ope…