GloBE Country Guide: The United Kingdom

Summary

Status	Enacted Law
Law	Finance (No. 2) Act, 2023 (2023 Spring Finance Act) of July 11, 2023 Draft Guidance of June 15, 2023 on the application of the multinational top-up tax
Effective Date	Accounting periods beginning on or after 31 December 2023
IIR	Yes (2024)
UTPR	No
QDMTT	Yes – Included in 2023 Spring Finance Act
Filing Deadlines	Standard
Safe Harbours	Yes, Transitional CbCR Safe Harbour

Legislation
General
Differences to Model Rules
Qualifying Domestic Minimum Top-Up Tax
Administration and Filing
Penalties
UK Law Mapped to OECD Model Rules

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Lee Hadnum

Lee is a qualified Chartered Accountant and Chartered Tax Adviser. A former Senior Tax Analyst at Bloomberg Tax, Lee began his career in Ernst & Young's Entrepreneurial Services department and has 20 years of international tax planning experience. Lee's books have been recommended by The Times, The Guardian and The Telegraph.

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