Finance (No. 2) Act 2023 · Updated to 29 Dec 2023 · Chapter 14
214. Top-up Tax assessments
Feedback & supportAn assessment, other than an assessment under subsection 211(1) and section 213 in respect of a Constituent
Entity shall—
Entity
“Entity” means— (a) any legal person (other than a natural person); or (b) an arrangement that prepares separate financial accounts, such as a partnership or trust;
be made in the appropriate prescribed form;
indicate, in addition to any other material included therein, the appropriate Financial Year and the amount of tax or additional tax, as the case may be; and
Financial Year
“Financial Year” means an accounting period with respect to which the Ultimate Parent Entity of the Multinational Enterprise Group prepares its Consolidated Financial Statements and in the case of Consolidated Financial Statements as defined in paragraph (d) of the definition of “Consolidated Financial Statements”, Financial Year means the calendar year;
specify in the appropriate space in that form the date on which that form was duly completed, and, where that form appears to have been duly completed the assessment shall, until the contrary is proved, be presumed to have been made on the date so specified.
Record of Domestic Top-up Tax or Multinational Top-up
Domestic Top-up Tax
“Domestic Top-up Tax” means tax as provided under section 159;