Finance (No. 2) Act 2023 · Updated to 29 Dec 2023 · Chapter 14
215. Tax assessments
Feedback & supportThe Director General shall cause to be maintained in such manner as he thinks fit a record of all assessments made under this Part for each Financial Year.
Financial Year
Defined · s 157
“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;
Notice of Domestic Top-up Tax or Multinational Top-up
Domestic Top-up Tax
Defined · s 157
“Domestic Top-up Tax” means tax as provided under section 159;