Paragraph 39 Joint ventures

in the words before paragraph (a), after “group” insert “for an accounting period of that entity”,

in paragraph (a), after “entity” insert “for all or any part of that period”,

in paragraph (b), after “entity” insert “at any time in that period”,

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

in paragraph (f), for “of which the entity is a member” substitute “referred to in paragraph (a)”.