Finance (No. 2) Act 2023 (c. 30)

Schedules

Schedule 16 U.K. Multinational top-up tax: transitional provision

Part 2 U.K. Transitional safe harbour

Chapter 1 U.K. Transitional safe harbour election

Qualifying income tax expense U.K.

5 In this Part of this Schedule, “qualifying income tax expense” means income tax expense adjusted to exclude—

(a) any amount that does not relate to covered taxes, and

(b) any amount that relates to an uncertain tax position.