Pillar Two, CBAM amendments made to UK Finance Bill

An amendment extends the deadline for making both long term and annual multinational top-up tax elections under Pillar Two, as highlighted by KPMG UK’s Tim Sarson & Sharon Baynham.

The United Kingdom (UK) Parliament Public Bill Committee stage for Finance Bill 2025-26 kicked off on 27 January 2026 and, as usual, the Committee met on Tuesdays and Thursdays to scrutinise all parts of the Bill that were not covered by the Committee of the whole House. On 21 and 23 January, a number of UK Government amendments were tabled on a variety of measures and updated explanatory notes have also been published to take account of some of these amendments. The Government amendments a...

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Authors: Tim Sarson, Sharon Baynham

Published Date: 10 February 2026