Schedules

Schedule 14Administration of multinational top-up tax

Part 3Registration

6

1

The filing member of a multinational group must register with HMRC if the group becomes a qualifying multinational group.

2

For the purposes of sub-paragraph (1), a multinational group becomes a qualifying multinational group on the first day of the first accounting period it is a qualifying multinational group (the “trigger day”).

3

A filing member registers with HMRC by providing specified information to HMRC.

4

The specified information is—

a

the name of the filing member;

b

the name of the ultimate parent (if different to the filing member);

c

the date of the trigger day;

d

the date on which the accounting period in which the trigger day occurs will end or has ended;

e

any other information that may be specified in a notice published by HMRC.

5

The information must be provided in the way specified in a notice published by HMRC.

6

The information must be provided by the end of the period of six months beginning with the day after the accounting period in which the trigger day occurs ends.

7

In this Schedule, a “registered group” means a multinational group that is registered under this paragraph.

8

A multinational group is registered under this paragraph if—

a

the filing member of the group has registered under this paragraph, and

b

a notice of de-registration is not in force in relation to the registration (see paragraph 7).

9

Paragraphs 8 and 9 provide further notification requirements in relation to a registered group.