Paragraph 7 Consequential amendments: IIR and qualifying undertaxed profits tax

United Kingdom

(1)

In section 128 (responsible members)—

(a)

in subsection (7)(b)(i), after “equivalent to” insert “the IIR provisions of”, and

(b)

after subsection (7) insert—

“(8)

In this section the “IIR provisions of multinational top-up tax” means the provisions of this Part relating to the charging of top-up amounts and additional top-up amounts (but not untaxed amounts).”

(2)

In section 257 (meaning of qualifying undertaxed profits tax), in subsection (1), after “it is” insert “—

“(a)

multinational top-up tax (see, in particular, Chapter 9A), or”.

(b)