The UK Government has published for comments draft guidance for Multinational Top-up Tax and Domestic Top-up Tax.
The draft guidance contains sections on flow-through entities, joint ventures, the insurance sector, additional top-up amounts, and other topics. It also contains draft guidance on the undertaxed profits rule (UTPR) and certain other provisions that have been amended or introduced in the current Finance Bill.
Following feedback, the guidance manual will be published in full in late spring.
Comments must be received by April 8.