HMRC are consulting on a further raft of draft guidance on the multinational top-up tax and domestic top-up tax which were implemented by F(No. 2)A 2023 Parts 3 and 4 from 31 December 2023.
The new material updates previous guidance on chargeability, scope, and administration and ‘also includes a new section on calculating the effective tax rate, and new pages which cover the application of multinational top-up tax and domestic top-up tax to particular types of entity’, say HMRC.
The draft guidance, which runs to some 217 pages, also covers the proposed Finance Bill 2024 amendments to the MTT and DTT legislation, and sets out HMRC’s view of the eventual structure of the final version of the guidance which will be set out in a new Multinational Top-up Tax internal guidance manual. The consultation closes on 7 February 2024.
HMRC are consulting on a further raft of draft guidance on the multinational top-up tax and domestic top-up tax which were implemented by F(No. 2)A 2023 Parts 3 and 4 from 31 December 2023.
The new material updates previous guidance on chargeability, scope, and administration and ‘also includes a new section on calculating the effective tax rate, and new pages which cover the application of multinational top-up tax and domestic top-up tax to particular types of entity’, say HMRC.
The draft guidance, which runs to some 217 pages, also covers the proposed Finance Bill 2024 amendments to the MTT and DTT legislation, and sets out HMRC’s view of the eventual structure of the final version of the guidance which will be set out in a new Multinational Top-up Tax internal guidance manual. The consultation closes on 7 February 2024.
