Paragraph 1 Application and interpretation

This Schedule applies where, in relation to a relevant year, two or more bodies corporate in the same corporate group are each producers.

In this Schedule—

• “relevant group member” means a body corporate which is—

  1. (a)

     a producer; and

  2. (b)

     a member of a corporate group, two or more members of which are producers;

• “the threshold criteria” means the criteria in paragraph (1) or (2) of regulation 24 read together with paragraphs (3) to (7) of that regulation.