# Finance (No. 2) Act 2023, Section 229B: Untaxed amounts


(1) A member of a multinational group has an untaxed amount if conditions A and B are met.
(2) Condition A is that the top-up amount and additional top-up amounts of the member are potentially undertaxed.
(3) Condition B is that the sum of amounts attributed under Chapter 7 to responsible members in respect of the member’s top-up amount and additional top-up amounts is less than the sum of the member’s top-up amount and additional top-up amounts.
(4) The untaxed amount is the amount given by subtracting—
(a) the sum of amounts attributed under Chapter 7 to responsible members in respect of the member’s top-up amount and additional top-up amounts, from
(b) the sum of the member’s top-up amount and additional top-up amounts.

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Source: https://www.legislation.gov.uk/ukpga/2023/30/section/229B (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/section-229B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.