Chapter 2 of Part 3 (qualifying multinational groups and their members)
48(1)In section 127(12) (excluded entities) for “pensions service” substitute “pension services”.
(2)In section 128 (responsible members)—
(a)in subsection (2)—
(i)for “its members” substitute “the members of the group”, and
(ii)for “it” substitute “the ultimate parent”, and
(b)in subsection (7)—
(i)in the words before paragraph (a), after “tax” insert “for an accounting period”,
(ii)in paragraph (a), at the beginning insert “the period commences on or after 31 December 2023 and”, and
(iii)in paragraph (b), in sub-paragraph (i), after “force” insert “for the period”.
(3)In section 130 (change in composition of multinational group), in subsection (5)—
(a)after “in” insert “all, or substantially all, of the members of”, and
(b)after “becoming” insert “members of”.