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United Kingdom: Announced draft for United Kingdom Implementation of Pillar Two

Policy overview

Description

Announced draft for United Kingdom Implementation of Pillar Two

On 20 July 2022, the UK Treasury releases draft legislation for its implementation of the top-up tax envisioned by Pillar 2 of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS). As agreed in the Inclusive Framework, the tax…

Scope

Policy Area
Taxation
Policy Instrument
Direct taxes including Digital Service Taxes
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
executive
Government Body
central government

Complete timeline of this policy change

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2022-07-20
in consultation

On 20 July 2022, the UK Treasury releases draft legislation for its implementation of the top-up ta…

2023-03-21
under deliberation

On 21 March 2023, the Finance (No. 2) Bill, which includes the UK implementation of the top-up tax …

2023-06-20
under deliberation

On 20 June 2023, the Finance (No. 2) Bill, which includes the UK implementation of the top-up tax e…

2023-07-04
adopted

On 4 July 2023, the Finance (No. 2) Bill, which includes the UK implementation of the top-up tax en…

2023-12-31
in force

On 31 December 2023, the UK implementation of the top-up tax envisioned by Pillar 2 of the OECD/G20…