Schedules

Schedule 16Multinational top-up tax: transitional provision

Part 2Transitional safe harbour

Chapter 2Application to joint ventures etc

Application in the case of joint venture group

10

For the purpose of applying Chapter 1 of this Part of this Schedule to a joint venture group (see section 226 which applies this Schedule generally, with modifications, to joint venture groups)—

(a)

paragraph 3(2)(c) were omitted (requirement for qualifying country-by-country report),

(b)

the reference in paragraph 4(2) to “the financial accounts of that member that are used for preparation of the group’s country-by-country report” were to the financial accounts that would be used if a qualifying country-by-country report had been prepared in respect of the joint venture group, and

(c)

in paragraph 9(2), the words from “ignoring” to the end were omitted.