AFB Practice Roundtable: Beyond the First Filing – Managing Pillar Two Compliance in 2026 and Beyond

Many International banks are moving beyond their first Pillar Two (Global Minimum Tax or “GMT”) filing cycle, and attention is turning to the next phase of compliance. Experience from the first year has shown that data quality, legal entity governance, documentation and coordination between head office and local teams are often as important as the technical calculations themselves. As more jurisdictions implement Pillar Two and reporting requirements continue to evolve, early planning is critical to ensuring effective compliance and reducing execution risk.

This session, designed and facilitated by KPMG, will provide an opportunity for members to share experiences from the first filing cycle and discuss practical approaches for managing Pillar Two future compliance readiness.

Why attend?

This roundtable will focus discussions on:

• Lessons Learned from the First Pillar Two Filing Cycle
• Emerging Risks and Technical Developments
  • Under Taxed Profits Rules
  • New jurisdictions coming into scope
  • Transitional Safe Harbour developments and future expiry considerations
  • Local filing obligations and evolving guidance

• Data, Governance and Operating Models
  • Coordination between head office, UK teams and overseas stakeholders
  • Documentation, audit trail and control expectations

• Planning for FY25 Compliance
  • Key milestones and critical path to filing
  • Resource planning and use of technology
  • Opportunities to streamline compliance and reduce execution risk

AFB will circulate an agenda and a series of discussion points and questions in advance to those registered to attend.

The capacity for this roundtable is limited to 30 members, one person per member bank.  This ensures as many firms as possible can benefit from the discussions.  Please book early to avoid disappointment.

Who should attend?

This roundtable is aimed at the following representatives from branches of AFB members: senior professionals responsible for Pillar Two compliance and governance, including Heads of Tax, International Tax Directors, Pillar Two leads, Finance Controllers, Regulatory Reporting leaders, Tax Technology specialists and other stakeholders involved in managing global minimum tax reporting and compliance obligations.

Facilitators

Demi Butler is a Tax Director in KPMG FS team with a focus in banking industry. She serves multinational banking groups covering both UK domestic and international tax issues.  Over the past 2 years, one of her focuses was on GMT technical issues and compliance processes.

Alex Grisbrook is a Director in KPMG’s FS Corporate tax team. He focuses on supporting banks with corporate taxes including GMT as well as the UK bank levy. Over the last few years he has been leading a number of projects with banking groups on GMT and overseeing their first round of compliance.

Please note you will receive confirmation of your booking via email within 24 hours. Should you not receive a confirmation, please contact AFB to double-check if your booking was successful.

Logistics

Fee: Included in AFB membership

Location: KPMG, 15 Canada Square, Canary Wharf, London, E14 5GL

Date: Tuesday 13 October 2026

Time: 09:00 – 10:30 (Registration, networking and breakfast 08:30 – 09:00)

If you would like to submit a question before or have any areas that you would like the session to address, please send them to the AFB at secretariat@foreignbanks.org.uk.

You will receive final event details a week before the event.

Please note that you will only be deemed to have attended (for CPD points) if you have made yourself known at registration and attend 50% or more of the session.