# Finance (No. 2) Act 2023, Paragraph 1

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

(1) The Commissioners for His Majesty’s Revenue and Customs are responsible for the collection and management of multinational top-up tax.
(2) This Schedule—
(a) contains provision to enable HMRC to determine when a person is chargeable to multinational top-up tax for an accounting period;
(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;
(c) allows for the assessment of amounts of multinational top-up tax;
(d) sets out associated administrative provisions;
(e) makes consequential and other amendments to other enactments.
(3) This Schedule makes provision about a “filing member” of a multinational group (see Part 2) and contains provision requiring such a member to—
(a) register with HMRC (see Part 3);
(b) submit an information return to HMRC (see Part 4);
(c) submit a self-assessment return to HMRC (see Part 5);
(d) keep and preserve records (see Part 9).
(4) Part 10 of this Schedule makes provision for when and how payment of multinational top-up tax payable is to be made.
(5) This Schedule makes provision for—
(a) penalties (see Part 11);
(b) appeals and claims for repayment of overpaid tax (see Part 12).

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Source: https://www.legislation.gov.uk/ukpga/2023/30/schedule/14/paragraph/1 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/schedule-14/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.