{
  "url": "https://openlegislation.uk/digital-markets-competition-and-consumers-act-2024/schedule-24/paragraph-5",
  "json_url": "https://openlegislation.uk/digital-markets-competition-and-consumers-act-2024/schedule-24/paragraph-5.json",
  "legislation": "ukpga/2024/13",
  "legislation_title": "Digital Markets, Competition and Consumers Act 2024",
  "legislation_url": "https://openlegislation.uk/digital-markets-competition-and-consumers-act-2024",
  "path": "schedule/24/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": "Small businesses",
  "text": "(1) A contract between a consumer and a trader where—\n(a) the trader’s turnover in the trader’s last financial year was less than £1,000,000, and\n(b) the trader does not enter into consumer savings scheme contracts which result in an account held by a trader for a consumer being credited with funds of more than £120 at any given time.\n(2) Where a trader is in their first year of trading, the exclusion in this paragraph applies if the test in sub-paragraph (1)(b) alone is satisfied.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 24 para. 5 not in force at Royal Assent, see s. 339(1)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 24 para. 5 in force at 1.1.2026 by S.I. 2025/272, reg. 3"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2024/13/schedule/24/paragraph/5",
    "retrieved_at": "2026-11-05T03:35:09.592730+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}