HMRC has published guidance on its interim approach to receiving and exchanging GloBE Information Returns under the Pillar 2 global minimum tax rules. The guidance clarifies how the tax authority will handle the initial phase of GloBE return submissions and the subsequent international exchange of this information with other jurisdictions. This transitional framework applies to multinational enterprises required to file these returns as part of OECD Pillar 2 compliance.
Source: HMRC (GOV.UK) – Read the original