# Finance Act 2025, Paragraph 42: Domestic top-up tax

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

(1) Section 270 (amount charged) is amended as follows.
(2) Before subsection (1) insert—
“(A1) Where a person is chargeable to domestic top-up tax for an accounting period as, or in respect of, a qualifying entity which is a member of a group, the amount (if any) the person must pay is determined as follows—
Step 1
Determine (in accordance with section 272)—
(a) whether the entity has a top-up amount for that period, and
(b) the extent of any such amount.
Step 2
If the result of Step 1 is not expressed in sterling, convert the result of that Step to sterling.”
(3) In subsection (1)—
(a) in the words before Step 1, for “as a qualifying entity or in respect of a qualifying entity” substitute “as or in respect of a qualifying entity which is not a member of a group”;
(b) in Step 1, after “Determine” insert “(in accordance with section 273)”.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/4/paragraph/42 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-4/paragraph-42
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.