# Corporation Tax Act 2009, Section 931S: Meaning of “small company”

Extent: E+W+S+N.I.

(1) For the purposes of this Part a company is a “small company” in an accounting period if it is in that period a micro or small enterprise, as defined in the Annex to Commission Recommendation 2003/361/EC of 6 May 2003.
(2) But a company is not a “small company” in an accounting period if it is at any time in that period—
(a) an open-ended investment company,
(b) an authorised unit trust scheme,
(c) an insurance company, or
(d) a friendly society.
(3) In subsection (2)—
“open-ended investment company” has the meaning given by section 236 of FISMA 2000;
“authorised unit trust scheme” means a unit trust scheme (within the meaning given by section 237 of FISMA 2000) in relation to which a order under section 243 of that Act (authorisation orders) is in force;
“insurance company” has the meaning given by section 65 of FA 2012;
“friendly society” has the meaning given by section 172 of FA 2012.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/931S (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-931S
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.