UPE or nominated filing member should:
1) Register and Report Pillar 2 position to HMRC (see sections below)
2) Prepare DTT calculation
3) Prepare MTT Calculation
Is a UK entity the most senior entity in the Group applying the GloBE IIR
YES
YES
Does the group have an entity located in the UK?
UPE or nominated filing member should:
1) Register and Report Pillar 2 position to HMRC (see sections below)
2) Prepare DTT calculation
NO
YES
No HMRC registration or reporting requirement until the group has a UK entity
Does the group have consolidated annual revenues of ≥€750m in at least 2 of the previous four accounting periods?
NO
Outside the Pillar 2 rules unless the group is a POPE of another MNE group
POPE
NO
Partially Owned Parent Entities (POPE)
a constituent entity (other than a UPE, Permanent Establishment or Investment Entity) that owns (directly or indirectly) an ownership interest in another constituent entity in the same group and whose ownership interest is held more than 20% by persons that aren’t part of the MNE group.