{
  "url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-14/paragraph-1",
  "json_url": "https://openlegislation.uk/finance-no-2-act-2023/schedule-14/paragraph-1.json",
  "legislation": "ukpga/2023/30",
  "legislation_title": "Finance (No. 2) Act 2023",
  "legislation_url": "https://openlegislation.uk/finance-no-2-act-2023",
  "path": "schedule/14/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": null,
  "text": "(1) The Commissioners for His Majesty’s Revenue and Customs are responsible for the collection and management of multinational top-up tax.\n(2) This Schedule—\n(a) contains provision to enable HMRC to determine when a person is chargeable to multinational top-up tax for an accounting period;\n(b) contains requirements to provide information to HMRC for the purposes of multinational top-up and taxes under the law of other territories that are equivalent to multinational top-up tax;\n(c) allows for the assessment of amounts of multinational top-up tax;\n(d) sets out associated administrative provisions;\n(e) makes consequential and other amendments to other enactments.\n(3) This Schedule makes provision about a “filing member” of a multinational group (see Part 2) and contains provision requiring such a member to—\n(a) register with HMRC (see Part 3);\n(b) submit an information return to HMRC (see Part 4);\n(c) submit a self-assessment return to HMRC (see Part 5);\n(d) keep and preserve records (see Part 9).\n(4) Part 10 of this Schedule makes provision for when and how payment of multinational top-up tax payable is to be made.\n(5) This Schedule makes provision for—\n(a) penalties (see Part 11);\n(b) appeals and claims for repayment of overpaid tax (see Part 12).",
  "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/2023/30/schedule/14/paragraph/1",
    "retrieved_at": "2026-10-29T08:52:11.242356+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."
}