# Finance (No. 2) Act 2023, Paragraph 4: Application in the case of joint venture group


(1) For the purpose of applying Chapter 1 of this Part of this Schedule to a joint venture group (see section 227 which applies this Schedule generally, with modifications, to joint venture groups), that Chapter has effect as if in paragraph 3—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) at the end there were inserted the following disqualifying condition—
“Condition E is that the qualifying domestic top-up tax applying in the territory—
(a) does not generally impose a charge on ... members of a joint venture group, and
(b) does not include provision for a charge to be imposed on such members in circumstances where there would otherwise be an amount of tax that was not charged to any member of the group in that territory.”
(2) For that purpose ignore section 227(1)(a) (reference to ultimate parent treated as reference to joint venture parent).
(3) Accordingly, the filing member of a multinational group may make a separate qualifying domestic top-up tax safe harbour election in respect of joint venture members of a joint venture group in a territory.

---
Source: https://www.legislation.gov.uk/ukpga/2023/30/schedule/16A/paragraph/4 (the official version)
Page: https://openlegislation.uk/finance-no-2-act-2023/schedule-16A/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.