Section 55 | UK revenue: amount

From legislation.gov.uk

(1)A person’s UK revenue—

(a)is in band A for a financial year if the person’s UK revenue for the relevant accounting period is more than £10.2 million but not more than £36 million;^F1

(b)is in band B for a financial year if the person’s UK revenue for the relevant accounting period is more than £36 million but not more than £500 million;^F2

(ba)is in band C for a financial year if the person’s UK revenue for the relevant accounting period is more than £500 million but not more than £1 billion;^F3

(c)is in band D for a financial year if the person’s UK revenue for the relevant accounting period is more than £1 billion.^F4

(2)To determine the “relevant accounting period”, see section 56.

(3)The sums in subsection (1) are to be proportionately adjusted if the relevant accounting period of the person is a period other than 12 months.