Preparing for the Multinational Top-up Tax and the Domestic Top-up Tax
Guidance on helping you prepare for the 2 new taxes introduced in the UK as part of the international response to the challenges of digitalisation.
- From:
- HM Revenue & Customs
- Published
- 11 July 2024
- Last updated
-
69AugustApril20242025 — See all updates
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The UK and more than 135 other countries agreed, as part of the OECD Inclusive Framework, to a two-pillar solution to reform the international corporate tax framework in response to the challenges of digitalisation.
Pillar 2 of this solution, known as the Global Base Erosion (GloBE) rules, requires a group with consolidated annual revenues of more than €750 million to pay a minimum 15% tax on its profits in each jurisdiction it operates in.
As part of the UK adoption of these rules, the government announced 2 new taxes that will apply to accounting periods starting on or after 31 December 2023:
- the Multinational Top-up Tax (MTT)
- Domestic Top-up Tax (DTT)
This information will help you prepare for the new rules.
Updates to this page
Published 11 July 2024
Last updated 69 AugustApril 2024
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Update history
2025-04-09 10:30
Updated information about registration and reporting requirements, OECD standardisation and guidance.
2024-08-06 09:30
Most sections updated.
2024-07-19 11:50
Version updated to reflect the latest timelines on how register for the new taxes.
2024-07-11 09:30
First published.
Details
The UK and more than 135 other countries agreed, as part of the OECD Inclusive Framework, to a two-pillar solution to reform the international corporate tax framework in response to the challenges of digitalisation.
Pillar 2 of this solution, known as the Global Base Erosion (GloBE) rules, requires a group with consolidated annual revenues of more than €750 million to pay a minimum 15% tax on its profits in each jurisdiction it operates in.
As part of the UK adoption of these rules, the government announced 2 new taxes that will apply to accounting periods starting on or after 31 December 2023:
- the Multinational Top-up Tax (MTT)
- Domestic Top-up Tax (DTT)
This information will help you prepare for the new rules.
Updates to this page
Sign up for emails or print this page
Update history
2025-04-09 10:30
Updated information about registration and reporting requirements, OECD standardisation and guidance.
2024-08-06 09:30
Most sections updated.
2024-07-19 11:50
Version updated to reflect the latest timelines on how register for the new taxes.
2024-07-11 09:30
First published.