Paragraph 13B F1

(1)

A relevant body is treated as meeting a threshold condition at the relevant time if any of Conditions A to C is met.

(2)

Condition A is that—

(a)

a person met the threshold condition at a time when the person was a promoter, and

(b)

the person controls or has significant influence over the relevant body at the relevant time.

(3)

Condition B is that—

(a)

a person met the threshold condition at a time when the person controlled or had significant influence over the relevant body,

(b)

the relevant body was a promoter at that time, and

(c)

the person controls or has significant influence over the relevant body at the relevant time.

(4)

Condition C is that—

(a)

two or more persons together controlled or had significant influence over the relevant body at a time when one of those persons met the threshold condition,

(b)

the relevant body was a promoter at that time, and

(c)

those persons together control or have significant influence over the relevant body at the relevant time.

(5)

Where the person referred to in sub-paragraph (2)(a) or (3)(a) or (4)(a) as meeting a threshold condition is an individual F2who does not fall within the case described in paragraph 4 or 5 of Schedule 33A, sub-paragraph (1) only applies if the threshold condition is a relevant threshold condition.

(6)

For the purposes of sub-paragraph (2) it does not matter whether the relevant body existed at the time referred to in sub-paragraph (2)(a).

Annotations

Textual amendments

F1: Sch. 34 Pt. 2 paras. 13B-13D substituted (with effect in accordance with s. 24(5) of the amending Act) by Finance Act 2017 (c. 10), s. 24(2)
F2: Words in Sch. 34 para. 13B(5) inserted (with effect in accordance with s. 121(6) of the amending Act) by Finance Act 2021 (c. 26), Sch. 30 para. 19

Notes on Part 2

Textual amendments

F1: Words in Sch. 34 heading inserted (with effect in accordance with Sch. 19 para. 9 of the amending Act) by Finance Act 2015 (c. 11), Sch. 19 para. 4(2)