Almost 3,500 Businesses Register for Global Minimum Tax in UK

Nearly 3,500 business groups have registered with the UK tax authority to comply with global minimum tax requirements, official data shows.

As of June 30 — the first deadline for reporting obligations under the UK’s global minimum tax rules — 3,479 business registered with His Majesty’s Revenue and Customs, according to data provided to Bloomberg Tax by the tax authority.

“Our initial analysis suggests that most customers with an accounting period ending on December 31, 2024, have registered on time,” HMRC said in a statement. “We’re reviewing the data and will take appropriate action in cases where Pillar Two ...