Multinational Companies: Taxation
(asked on 21st November 2023) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what his Department's planned timescale is for the implementation of OECD Pillar 2 rules.
This question was answered on 27th November 2023
The government has legislated for the Pillar 2 Multinational-Top up Tax and Domestic Top-up Tax to take effect from accounting periods beginning on or after 31 December 2023.
As announced at Autumn Statement, the government is implementing the Undertaxed Profits Rule for accounting periods beginning on or after 31 December 2024.