Finance (No. 2) Act 2023

RegistrationU.K.

3Part 3 of Schedule 14 applies as if—

(a)for paragraph 6(1) and (2) there were substituted—

(1)A filing member must register with HMRC if the filing member or, if the filing member is a member of a group, a member of that group—

(a)is located in the United Kingdom and

(b)is a qualifying entity.

(2)For the purposes of sub-paragraph (1), a qualifying entity becomes a qualifying entity on the first day of the first accounting period it is a qualifying entity (the “trigger day”).;

(b)references to a “multinational group” were references to a group.