{
  "url": "https://openlegislation.uk/finance-act-2025/schedule-4/paragraph-45",
  "json_url": "https://openlegislation.uk/finance-act-2025/schedule-4/paragraph-45.json",
  "legislation": "ukpga/2025/8",
  "legislation_title": "Finance Act 2025",
  "legislation_url": "https://openlegislation.uk/finance-act-2025",
  "path": "schedule/4/paragraph/45",
  "kind": "paragraph",
  "number": "45",
  "heading": "De minimis rule",
  "text": "(1) In section 199 (election to treat total top-up amount as nil)—\n(a) in subsection (1)—\n(i) for “total top-up amount” substitute “top-up amounts of the relevant members”, and\n(ii) for “is” substitute “are”;\n(b) in subsections (2)(a), (3), (4), (6)(a) and (6)(b), for “standard” substitute “relevant”;\n(c) after subsection (2) insert—\n“(2A) In this section, a member of a multinational group is a “relevant” member if it is—\n(a) a standard member of the group, or\n(b) a minority owned member of the group.”;\n(d) in the heading, for “total top-up amount” substitute “certain top-up amounts”.\n(2) In section 228 (minority owned members), after subsection (4) insert—\n“(5) But neither subsection (3) nor (4) applies to the reference to “standard member” in section 199(2A) (election to treat top-up amounts of relevant members as nil).”",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2025/8/schedule/4/paragraph/45",
    "retrieved_at": "2026-10-29T08:47:01.939707+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}