Preparing for the Multinational Top-up Tax and the Domestic Top-up Tax
Guidance on helping you prepare for the 2 new taxes introduced in the UK as part of the international response to the challenges of digitalisation.
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皇冠体育app UK and more than 135 other countries agreed, as part of the聽OECD聽Inclusive Framework, to a two-pillar solution to reform the international corporate tax framework in response to the challenges of digitalisation.
Pillar 2 of this solution, known as the Global Base Erosion (GloBE) rules, requires a group with consolidated annual revenues of more than 鈧�750 million to pay a minimum 15% tax on its profits in each jurisdiction it operates in.
As part of the UK adoption of these rules, the government announced 2 new taxes that will apply to accounting periods starting on or after 31 December 2023:
- the Multinational Top-up Tax (MTT)
- Domestic Top-up Tax (DTT)
This information will help you prepare for the new rules.
Updates to this page
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Updated information about registration and reporting requirements, OECD standardisation and guidance.
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Most sections updated.
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Version updated to reflect the latest timelines on how register for the new taxes.
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First published.