272 Determining top-up amounts of entity that is a member of a group
Finance (No 2) Act 2023 (2023 c 30) | Legislation

Chapter 3
Application of Multinational Top-up Tax Provisions

272  Determining top-up amounts of entity that is a member of a group

(1)     Subject as follows, Chapters 3 to 6, 8 and 9 of Part 3 apply for the purposes (“domestic purposes”) of determining whether a qualifying entity that is a member of a group has top-up amounts or additional top-up amounts, and the extent of those amounts, as they apply for the purpose of determining the same for the purposes of multinational top-up tax.

(2)     Where the group is not a multinational group, that Part has effect for domestic purposes as if any reference to a multinational group were to a group.

(3)     Part 3 has effect for those purposes as if the following provisions (which provide for reductions of top-up amounts where a qualifying domestic top-up tax is payable) were omitted—

(a)     in section 194, subsections (2) to (7);

(b)     in section 203, subsections (3) to (7);

(c)     in section 206, subsections (4) to (8).

(4)     The following provisions of Part 3 are of no practical application for domestic purposes and accordingly that Part has effect for those purposes as if they were omitted—

(a)

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