Indian HQ MNEs with UK entities: Pillar Two registration deadline – 30 September

MNE groups having presence in UK will have to register with the HMRC in connection Pillar Two related compliance. HMRC, in its official website, has clarified that where a group meets the EUR 750 million consolidated revenue threshold in at least two of the previous four years will have to register mandatorily within six months from the end of the first accounting period in which the group becomes subject to Pillar Two. MNE Group will have to note that, this obligation applies even if no top-up tax liability is expected.

For Indian headquartered groups with UK subsidiaries or branches, the specific deadline depends on the accounting year-end. Indian Headquartered Group have April- March as their accounting period and hence 31 March 2025 would be their accounting year end. Hence the deadline would be 30 September 2025.

The onus is on parent entities or their designated filing member for registration.

The information required for the registration is fairly simple and would include:

1. Name of the Ultimate Parent entity (UPE)
2. Address of the UPE
3. Contact person and designation
4. Contact email address

MNE Group will have to register using their “Government Gateway user ID”