Paragraph 14 Interpretation etcF1

In this Part of this Schedule, in relation to an election under paragraph 8—

• “the country-by-country reporting rules” means—

  1. (a)

     where legislation implementing the OECD’s guidance on country-by-country reporting has effect in the relevant territory, that legislation;

  2. (b)

     otherwise, that guidance;

• “the relevant territory” means the territory in which the specified members are located;

• “the specified members” means the members of the group in respect of which the election is made.