Navigating Pillar 2: Essential Registration Requirements for 2024 and Beyond

The Pillar 2 registration requirements have now been confirmed for accounting periods starting on or after 31 December 2023. This generally applies to accounting years ending 31 December 2024 and beyond.

These rules apply to those with consolidated group annual revenues of €750 million or more within 2 of the last 4 accounting periods. The first deadline comes 6 months after that accounting period and thus the first influx of registrations will be due 30 June 2025 for December 2024 year ends.

These registration requirements apply to both Domestic Top-up Tax (the UK focused return) and Multinational Top-up Tax (the global return known as GloBE). Even groups with only UK entities must register for the Domestic Top-up Tax.

Key information for registration:

• Ultimate Parent Entity (UPE): Name and registered address
• Filing Member: Name and registered address if not the UPE
• UK Limited Company or LLP: Company Registration Number (CRN) and Unique Taxpayer Reference (UTR) if applicable
• Group Composition: Indicate whether the group has entities solely in the UK or also in other jurisdictions
• Accounting Period: Start and end dates
• Contact Details: Information for one or two individuals or teams within the group
• Postal Address: Contact postal address for the group

An online service is available for the purpose of the Pillar 2 registration hence various groups will consider registering early to meet this new compliance deadline at the earliest opportunity.