Section 592 — Corporation Tax Act 2010: Joint venture groups: financial statements

Joint venture groups: financial statements 592 1 This section applies if a notice is given under section 587 in respect of a joint venture group.

2 The principal company of the joint venture group must prepare financial statements for the group for each accounting period in relation to which the notice has effect.

3 The reference in subsection (2) to financial statements is a reference to financial statements of a kind required under section 532(2).

4 Sections 532(3) and 533 apply to the financial statements under subsection (2) as they apply to financial statements under section 532(2).

5 Financial statements prepared under subsection (2) must be submitted to an officer of Revenue and Customs.

6 Financial statements under subsection (2) are in addition to the provision required in respect of the members of the joint venture group (as a result of the application of this Part to the group) in financial statements under section 532.