Part 10 Payments of Multinational Top-up Tax
Finance (No 2) Act 2023 (2023 c 30) | Legislation

Part 10 Payments of Multinational Top-up Tax

Timing of payments

32

(1)     Multinational top-up tax due must be paid by the end of the period of 15 months beginning with the day after the end of the accounting period.

(2)     But the longer period in sub-paragraph (3) applies if the liability to pay tax arises in respect of the first accounting period in relation to which a group is a qualifying multinational group.

(3)     Where this sub-paragraph applies, multinational top-up tax due must be paid by the end of the period of 18 months beginning with the day after the end of the accounting period.

(4)     A person's liability to pay multinational top-up tax may be discharged by another member of the multinational group to which the liability relates (but see paragraph 37).

33

(1)     Interest is to accrue on amounts payable under paragraph 32, but not paid, from the day after the latest date on which the amounts were required to be paid.

(2)     The rate of interest is to be as provided in regulations under section 178 of FA 1989.

[33A

(1)     Where a person has paid an amount that has been paid

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