Section 1119 | “Small or medium-sized enterprise”

(1)In this Part “small or medium-sized enterprise” means a micro, small or medium-sized enterprise as defined in Commission Recommendation (EC) No 2003/361, but subject to the qualifications in section 1120 (and see sections 1120A and 1120B).

(2)The Treasury may by order amend this section or sections 1120 to 1120B to substitute a different definition of “small or medium-sized enterprise” for the purposes of this Part.

(3)This section is subject to section 1081 (insurance companies to be treated as large companies for purposes of Chapter 2).