# The Finance Act 2000, Schedule 20 (Definition of Small or Medium-Sized Enterprise) Order 2004, Note: Explanatory note


(This note is not part of the Order)
This Order substitutes a new definition of a small or medium-sized enterprise in paragraph 2(1) of Schedule 20 to the Finance Act 2000 (c. 17) in consequence of the adoption by the Commission of the European Communities of Recommendation 2003/361/EC (O.J. L 124/36 of 20.5.2003) “the Recommendation”.
Article 1 provides for the citation, commencement and effect of the Order.
Article 2 substitutes the new definition. This reflects the provisions of the Recommendation, but also contains anti-avoidance and transitional provision.
This Order does not impose any new costs on business.

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Source: https://www.legislation.gov.uk/uksi/2004/3267/note (the official version)
Page: https://openlegislation.uk/finance-act-2000-schedule-20-definition-of-small-or-medium-sized-enterprise-order-2004/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.