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Legislation
Finance (No. 2) Act 2023

Crossheading Adjusted profits of a member of a multinational group

  • Section 133 Adjusted profits of a member of a multinational group
  • Section 134 Underlying profits as determined for statements of ultimate parent
  • Section 135 Underlying profits of permanent establishments
  • Section 136 Underlying profits accounts
  • Section 137 No amounts outside of profit and loss account to be included
  • Section 137A Use of substituted values
  1. Adjusted profits of a member of a multinational group
  2. No amounts outside of profit and loss account to be included

Section 137 | No amounts outside of profit and loss account to be included

From legislation.gov.uk

Except as required by any other provision of this Part, amounts that are recognised outside the profit and loss account in the underlying profits accounts of a member of a multinational group are not to be reflected in the underlying profits of that member.

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