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Section 4 Sellers

(1)

Paragraph 3 of Schedule 6 to the 2008 Act (specified factors of sellers) is amended as follows.

(2)

After sub-paragraph (3)(d) insert—

“(e)

the number of a seller's full-time equivalent employees.”.

(3)

After sub-paragraph (4) insert—

“(5)

For the purposes of sub-paragraph (3)(e), the number of a seller's full-time equivalent employees is calculated as follows—

  • Step 1 Find the number for full-time employees of the seller.

  • Step 2 Add, for each employee of the seller who is not a full-time employee, such fraction as is just and reasonable. The result is the number of full-time equivalent employees.”.