Part 3Multinational top-up tax

Chapter 4Calculation of adjusted profits of members of a multinational group

Adjusted profits of a member of a multinational group

136Underlying profits accounts

In this Part, reference to the “underlying profits accounts” of a member of a multinational group is to the statements or accounts (which may in some circumstances be hypothetical) that are the basis of the determination of the member’s underlying profits for the purposes of this Part.