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

|Tax Alerts, Legislation & Policy, National/Federal Taxation, OECD, BEPS 2.0|United Kingdom
United Kingdom

  • 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-operation and Development (OECD) Global Anti-Base Erosion (GloBE) Pillar Two rules in the United Kingdo…

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