# Finance Act 2025, Paragraph 39: Joint ventures

Extent: E+W+S+N.I.

In section 226 (joint venture group), in subsection (2)—
(a) in the words before paragraph (a), after “group” insert “for an accounting period of that entity”,
(b) in paragraph (a), after “entity” insert “for all or any part of that period”,
(c) in paragraph (b), after “entity” insert “at any time in that period”,
(d) in paragraph (c), for “qualifying multinational group” substitute “multinational group that meets condition A in section 129(2) for that accounting period (revenue threshold exceeded in at least 2 of previous 4 accounting periods)”, and
(e) in paragraph (f), for “of which the entity is a member” substitute “referred to in paragraph (a)”.

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Source: https://www.legislation.gov.uk/ukpga/2025/8/schedule/4/paragraph/39 (the official version)
Page: https://openlegislation.uk/finance-act-2025/schedule-4/paragraph-39
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.