GloBE Country Guide: The United Kingdom

Summary

Status Enacted Law
LawFinance (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Draft Guidance of June 15, 2023 on the application of the multinational top-up tax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 DateAccounting periods beginning on or after 31 December 2023
IIRYes (2024)
UTPRNo
QDMTTYes – Included in 2023 Spring Finance Act
Filing DeadlinesStandard
Safe HarboursYes, Transitional CbCR Safe Harbour

Contents
  1. Legislation
  2. General
  3. Differences to Model Rules
  4. Qualifying Domestic Minimum Top-Up Tax
  5. Administration and Filing
  6. Penalties
  7. UK Law Mapped to OECD Model Rules

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