# Finance Act 2025, Paragraph 2: Multinational top-up tax to include undertaxed profits rule

Extent: E+W+S+N.I.

(1) Section 121 (introduction to multinational top-up tax) is amended as follows.
(2) In subsection (1), for the words from “IIR” to the end substitute “IIR and UTPR (within the meaning of the Pillar Two rules).”
(3) In subsection (5), omit paragraph (e).

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/4/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-4/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.