Pay and file for Pillar Two
Undertaxed Profits Rule (UTPR)
Relevant entities which are subject to the UTPR top-up tax must file a UTPR return, self-assessment and pay the tax due. This must be done within 15 months of the end of the fiscal year. This period is extended to 18 months for the first fiscal year that the entity is in scope.
Simplified reporting arrangements in relation to the UTPR top-up tax may apply. All constituent entities of a Multi-National Enterprise (MNE) group that are subject to the UTPR top-up tax may elect to form a UTPR group.
The members of the UTPR group must appoint one member to be the UTPR group filer. The UTPR group filer must prepare and deliver a UTPR return in respect of all members of the UTPR group for the fiscal year. The same pay and file arrangements apply as if the return was filed by a single entity.
The first pay and file deadline is 30 June 2026. Entities can pay and file through Revenue Online Services (ROS). For further information, please see Key dates and updates.
You can find out what data you will need to report by reviewing the Form UTPR1 Specimen.
Next: The Pillar Two return filing process