2026-04-30 · MTD News
HMRC publishes software guide for Pillar 2 top-up taxes
HMRC has published new guidance explaining what commercial software businesses will need in order to report Domestic Top-up Tax and Multinational Top-up Tax — the two levies that make up the Pillar 2 top-up tax regime.
For most sole traders, landlords, and small businesses in East Kent, Pillar 2 is unlikely to apply directly, as it targets large multinational and domestic groups. If you are unsure whether your business falls within scope, the guidance is a useful starting point before speaking to an accountant.
If you do need to report under Pillar 2, the HMRC page sets out what to look for when selecting appropriate software, so it is worth checking before committing to a product.
Source: gov.uk announcement.