199 Election to treat total top-up amount as nil
Finance (No 2) Act 2023 (2023 c 30) | Legislation

199  Election to treat total top-up amount as nil

(1)     The filing member of a multinational group may elect that the total top-up amount for an accounting period (“the current period”) for a territory is to be treated as nil.

(2)     An election under this section may be made only if—

(a)     the average revenue for an accounting period of the standard members of the group in that territory is less than 10 million euros, and

(b)     the average of the adjusted profits of those members

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