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MTT21000 | Calculating the effective tax rate: Adjusted profits: Contents

From HM Revenue & Customs · Multinational Top-up Tax and Domestic Top-up Tax

The adjusted profits of a member are the underlying profits after certain adjustments have been made.

See MTT21010 for guidance on determining the underlying profits.

See MTT21100 for guidance on adjustments that must be made to those underlying profits.

This is set out in Section 133 of Finance (No.2) Act 2023.

Contents29 entries

  1. MTT21010Calculating the effective tax rate: Adjusted profits: The underlying profits
  2. MTT21020Calculating the effective tax rate: Adjusted profits: Wholly domestic groups - Alternative basis for determining underlying profits
  3. MTT21100Calculating the effective tax rate: Adjusted profits: Adjustment of underlying profits
  4. MTT21110Calculating the effective tax rate: Adjusted profits: Tax expense
  5. MTT21120Calculating the effective tax rate: Adjusted profits: Intra-group transactions
  6. MTT21125Calculating the effective tax rate: Adjusted profits: Intra-group transactions – Permanent differences arising from transfer pricing adjustments
  7. MTT21130Calculating the effective tax rate: Adjusted profits: Relevant share acquisition adjustments
  8. MTT21140Calculating the effective tax rate: Adjusted profits: Excluded dividends
  9. MTT21150Calculating the effective tax rate: Adjusted profits: Excluded equity gain or loss
  10. MTT21160Calculating the effective tax rate: Adjusted profits: Revaluation method gain or loss
  11. MTT21170Calculating the effective tax rate: Adjusted profits: Asymmetric foreign currency gain or loss
  12. MTT21180Calculating the effective tax rate: Adjusted profits: Illegal payments
  13. MTT21190Calculating the effective tax rate: Adjusted profits: Fines and penalties
  14. MTT21200Calculating the effective tax rate: Adjusted profits: Prior period errors
  15. MTT21210Calculating the effective tax rate: Adjusted profits: Changes in accounting principles
  16. MTT21220Calculating the effective tax rate: Adjusted profits: Pension fund expense
  17. MTT21230Calculating the effective tax rate: Adjusted profits: Transactions requiring arm's length treatment
  18. MTT21240Calculating the effective tax rate: Adjusted profits: Intra-group financing arrangements
  19. MTT21250Calculating the effective tax rate: Adjusted profits: Election to use realisation principle
  20. MTT21260Calculating the effective tax rate: Adjusted profits: Stock-based compensation election
  21. MTT21270Calculating the effective tax rate: Adjusted profits: Election to spread certain capital gains over five years
  22. MTT21280Calculating the effective tax rate: Adjusted profits: Currency hedging election
  23. MTT21290Calculating the effective tax rate: Adjusted profits: Election where assets and liabilities adjusted to fair value for tax purposes
  24. MTT21300Calculating the effective tax rate: Adjusted profits: Qualifying tier one capital
  25. MTT21400Calculating the effective tax rate: Adjusted profits: Tax credits - Overview
  26. MTT21410Calculating the effective tax rate: Adjusted profits: Qualifying refundable tax credits
  27. MTT21420Calculating the effective tax rate: Adjusted profits: Marketable transferable tax credits
  28. MTT21430Calculating the effective tax rate: Adjusted profits: Marketable transferable tax credits – Adjustments required
  29. MTT21440Calculating the effective tax rate: Adjusted profits: Non-marketable transferable tax credits