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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading When a person qualifies as small for a tax year

  • Section 60A When a company qualifies as small for a tax year
  • Section 60B When a company qualifies as small for a tax year: joint ventures
  • Section 60C When a company qualifies as small for a tax year: subsidiaries
  • Section 60D When a relevant undertaking qualifies as small for a tax year
  • Section 60E When other undertakings qualify as small for a tax year
  • Section 60F When other persons qualify as small for a tax year
  • Section 60G Sections 60A to 60F: connected persons
  • Section 60H Duty on client to state whether it qualifies as small for a tax year
  1. When a person qualifies as small for a tax year
  2. When a relevant undertaking qualifies as small for a tax year

Section 60D | When a relevant undertaking qualifies as small for a tax year F1

From legislation.gov.uk

(1)Sections 60A to 60C apply in relation to a relevant undertaking as they apply in relation to a company, subject to any necessary modifications.

(2)In this section “relevant undertaking” means an undertaking in respect of which regulations have effect under—

(a)section 15(a) of the Limited Liability Partnerships Act 2000,

(b)section 1043 of the Companies Act 2006 (unregistered companies), or

(c)section 1049 of the Companies Act 2006 (overseas companies).

(3)Expressions used in this section and in the Companies Act 2006 have the same meaning in this section as in that Act.

Notes

  1. F1

    Ss. 60A-60I and cross-headings inserted (6.4.2021 for the tax year 2021-22 and subsequent tax years) by Finance Act 2020 (c. 14), Sch. 1 paras. 5, 24 (with Sch. 1 paras. 30-34)

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