# Finance (No. 2) Act 2023, Section 207: Allocation of collective additional amounts under section 206 to members

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

(1) Where the standard members of a multinational group in a territory have a collective additional amount under section 206 for an accounting period (“the current period”), that amount is to be allocated to those members as follows—
Step 1
Determine the sum of the top-up amounts that those members would have (in prior accounting periods) in accordance with the recalculation, or recalculations, that relate to that collective additional amount.
Step 2
Determine the sum of the top-up amounts that each of those members would have in accordance with the recalculation, or recalculations, that relate to the collective additional amount.
Step 3
For each member where the result of Step 2 is greater than nil, divide that result by the result of step 1.
Step 4
Each such member has an additional top-up amount under this section equal to the amount given by multiplying the collective additional amount by the result of Step 3 for that member.
(2) Chapter 7 (allocation of top-up amounts to responsible members)—
(a) applies to an additional top-up amount allocated to a member of a multinational group under this section as it applies to a top-up amount of that member, and
(b) if the result of Step 2 in section 132(1) in relation to the standard members of the group for the current period is nil or less (those members between them have made a loss), has effect as if the adjusted profits of that member were the amount given by dividing the additional top-up amount by 15%.

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Source: https://www.legislation.gov.uk/ukpga/2023/30/section/207 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/section-207
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.