UK Finance response to HMT & HMRCs OECD Pillar Two consultation on implementation

The OECD Pillar Two rules have been developed and agreed by delegates from all Inclusive Framework member jurisdictions to ensure large multinational enterprises (MNEs) pay a minimum level of tax on the income arising in the jurisdictions in which they operate.

UK Finance has responded to the HM Treasury (HMT) and HM Revenue and Customs (HMRC) 'OECD Pillar Two - Consultation on Implementation'. The response notes that there would be competitive implications for the UK from introducing Pillar Two in advance of its fellow members of the Inclusive Framework. The response also raises other technical considerations concerning the application of these complex new rules for Financial Services.

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UK Finance response to HMT & HMRCs OECD Pillar Two consultation on implementation

06.04.22

Consultation Responses