Part 4Domestic top-up tax
Chapter 3Application of multinational top-up tax provisions
276Application of transitional provision
The transitional provision in Schedule 16 applies in relation to domestic top-up tax as it applies in relation to multinational top-up tax as if—
a
references in that Schedule to a multinational group were to a group;
b
where a qualifying entity is a member of a group and all members of the group are located in the United Kingdom, the following provisions of that Schedule (which have no relevance in such a case) were omitted—
ii
iv
in paragraph 9(2), the words from “ignoring” to the end.
c
where a qualifying entity is not a member of a group—
i
references in that Schedule to a member of a group (however framed and including references to multiple members) were to a qualifying entity;
ii
references in that Schedule (however framed) to the consolidated financial statements of the ultimate parent were to the qualifying financial statements of the entity;
iii
paragraph 2 were omitted;
iv
the provisions mentioned in paragraph (b)(i) to (iv) were omitted.